Chicago Skyway up for sale: Report

By Land Line staff | 6/26/2015

Looking to buy a toll road? The long-term lease of the Chicago Skyway has gone up for sale, according to Reuters. The news agency reports that Spanish toll road investor Ferrovial and Australian investor Macquarie are offering their stakes in the toll road for sale to the highest bidder.

Ferrovial is the parent company of Cintra.

Cintra and Macquarie leased the 8-mile toll road in 2005, paying the city of Chicago $1.83 billion for the right to collect tolls and maintain the roadway through 2104.

The Chicago Skyway was profitable in 2014 with revenue exceeding expenses by about $8 million.

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