State hires consultant to study tollway leasing
Source: BY MONIFA THOMAS, Chicago Sun Times (IL), June 1, 2006
A state proposal to lease all or part of the Illinois tollway system to a private vendor gained momentum Wednesday with the award of a $30,000 contract to a consulting firm charged with determining just how much the state of Illinois might fetch for its toll roads. The consulting firm, Credit Suisse, will take about six weeks to complete its study. In the meantime, a state Senate budget committee began to hash out some of the particulars of tollway privatization Wednesday at the first of four public hearings.