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Chicago mayor proposes $900 mln bonds for O'Hare Airport
February 13, 2013 / 8:16 PM / 5 years ago

Chicago mayor proposes $900 mln bonds for O'Hare Airport

CHICAGO, Feb 13 (Reuters) - Chicago Mayor Rahm Emanuel proposed on Wednesday the sale of up to $900 million of bonds for the city’s O‘Hare International Airport, according to a spokeswoman.

The general airport revenue senior lien bonds would be sold in the third quarter pending approval of the city council.

The sale would consist of about $500 million of refunding bonds, $200 million of bonds for ongoing capital improvements and $100 million of bonds to fund parking relocation, according to Kathleen Strand, the city spokeswoman.

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