U.S. city is first to join international trend; Chicago privatizes one of its existing toll roads.

Source: John Schmidt, American City & County, Oct 1, 2005

Earlier this year, Chicago sold the right to operate the Chicago Skyway Toll Bridge for the next 99 years for an up-front payment of $1.83 billion. The sale to Chicago-based Skyway Concession Co. is the first privatization of an existing toll road in the United States and is causing many state and local governments to take another look at their toll roads and other infrastructure assets. The Skyway generated $1.83 billion for Chicago during difficult financial times. ….. Indiana, New Jersey, Delaware, New York, California and Virginia are among a number of states now considering privatizing their toll roads.