Editing Richard M. Daley (section)

==== Long-term leases of public infrastructure ====
In January 2006, [[Skyway Concession Company]], a joint venture between the Australian [[Macquarie Infrastructure Group]] and Spanish [[Cintra|Cintra Concesiones de Infraestructuras de Transporte S.A.]], paid the City $1.83 billion{{efn|{{inflation|US-GDP|1830000000|2006|fmt=eq}}{{inflation/fn|US-GDP}}}} for rights to operate the [[Chicago Skyway]] and collect tolls for 99 years. The deal was the first of its kind in the U.S.<ref name=daleys22/><ref>{{cite news |title=Chicago privatizes Skyway toll road in $1.8 billion deal; City says $1.8 billion deal will help pay off large debts |date=October 17, 2004 |first=Alyson |last=Brodsy |agency=Associated Press |url=http://www.idsnews.com/news/story.aspx?id=37412 |access-date=January 8, 2012 |archive-url=https://web.archive.org/web/20131029204020/http://www.idsnews.com/news/story.aspx?id=37412 |archive-date=October 29, 2013 |url-status=dead  }}</ref> In December 2006, [[Morgan Stanley]] paid Chicago $563 million{{efn|{{inflation|US-GDP|563000000|2006|fmt=eq}}{{inflation/fn|US-GDP}}}} for a 99-year lease of the city's parking garages.<ref>{{cite news |title=Chicago's 99-Year Parking Garage Lease Draws Taxpayer Suit |first=Andrew |last=Harris |date=February 13, 2013 |publisher=[[Bloomberg News]] |url=https://www.bloomberg.com/news/2013-02-14/chicago-s-99-year-parking-garage-lease-draws-taxpayer-suit-1-.html |access-date=December 16, 2014}}</ref><ref>{{cite news |url=https://www.reuters.com/article/chicago-parkingmeters-idUSN0227950220081202 |title=Chicago leases parking meters for $1.16 billion |first=Andrew |last=Stern |work=Reuters |date=December 2, 2008 |access-date=July 1, 2017 |archive-date=September 24, 2015 |archive-url=https://web.archive.org/web/20150924140429/http://www.reuters.com/article/2008/12/02/chicago-parkingmeters-idUSN0227950220081202 |url-status=live }}</ref><ref>{{cite news |url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aNqps6bJnmjE&refer=us |title=Chicago Receives $1.16 Billion for Metered Spaces |first=Adam L. |last=Cataldo |publisher=Bloomberg |date=December 2, 2008}}</ref>  "I'm the one who started talking about leasing public assets. No other city has done this in America," Daley recalled in 2009.<ref>{{cite news |title=One-on-One with Mayor Richard Daley |date=November 2, 2009 |access-date=April 23, 2013 |first=Alison |last=Cuddy |publisher=[[Chicago Public Radio]] |url=http://www.wbez.org/episode-segments/one-one-mayor-richard-daley |archive-url=https://web.archive.org/web/20131029203123/http://www.wbez.org/episode-segments/one-one-mayor-richard-daley |archive-date=October 29, 2013 |url-status=dead }}</ref><ref>{{cite news |title=A Round of Really!?! With Mayor Daley |first= Mick |last=Dumke |date=November 5, 2009 |access-date=April 23, 2013 |url=http://www.chicagoreader.com/chicago/questions-for-mayor-daley-on-tifs-parking-meters-and-the-city-budget-crisis/Content?oid=1227426 |newspaper=[[Chicago Reader]]}}</ref> [[Pulitzer Prize]]-winning commentator [[George F. Will]] wrote of the deals in ''[[The Washington Post]]'',

<blockquote>Unfortunately, Daley's theory—that it can be better to get a sum X immediately, rather than getting over many years a sum Y that is substantially larger than X—assumes something that cannot be assumed. It assumes that governments will prudently husband sudden surges of revenue from the lease or sale of assets.<ref>{{cite news |url=https://www.washingtonpost.com/wp-dyn/content/article/2007/02/07/AR2007020702134.html |title=Daley's Art of The Lease |date=February 8, 2007 |access-date=December 1, 2012 |author=Will, George F. |author-link=George F. Will |newspaper=[[Washington Post]]}}</ref></blockquote>