Chicago Skyway lease (2005)
The City of Chicago leased the 7.8-mile Chicago Skyway toll bridge to a private consortium for 99 years in exchange for $1.83 billion. Mayor Richard M. Daley's administration used the lump sum to close budget gaps, with the city council approving the terms.
The city received an immediate cash infusion and handed operations to the private firm.
The deal opened the door to more Chicago asset leases, including the parking meter deal that later drew public criticism over its terms.
Shows how a government converts a public asset into cash through a long-term lease, with valuation and public approval at the center — the same structure the Las Vegas hearing is setting up.
