Commentary

Reason on Airport Privatization, Post-Midway

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.

Reason Foundation’s Airports Research and Commentary

Leonard Gilroy is Senior Managing Director of the Pension Integrity Project at Reason Foundation, a nonprofit think tank advancing free minds and free markets. The Pension Integrity Project assists policymakers and other stakeholders in designing, analyzing and implementing public sector pension reforms.