Reason Foundation colleague Robert Poole and I have a new column in Heartland Institute’s Budget & Tax News on the prospects for airport privatization in the wake of the collapse of the $2.5 billion privatization of Chicago’s Midway Airport. As we write, the deal’s collapse was a speed bump, but doesn’t represent a shift in the investor appetite for airport privatization projects:
Because the Midway deal was a high-profile transaction, its collapse received much attention, but it should not be misconstrued as a major setback for privatization. The underlying dynamics of infrastructure privatization haven’t changed.