Recession smacks public-private partnerships

| Wednesday, October 28, 2009

Public-private partnerships were among the casualties of the recession according to USA Today.

Deals to sell Chicago’s Midway Airport, the Pennsylvania Turnpike, and Florida’s Alligator Alley to private investors have all fallen through.

Private companies that bought public assets before the recession have mainly lost money. And the Indiana Toll Road and the Chicago Skyway – which were taken over by Cintra of Spain and the Australian company Macquarie – have now lost an estimated one-third of their value.

 

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