Cost overruns are a given when dealing with large public works projects. The Chicago-area based Daily Herald has a lengthy story today about the subject, and a study that says Chicago officials are underestimating the true cost of expanding O’Hare International Airport. If true, O’Hare expansion would follow in this tradition: The Big Dig, a road project underneath Boston Harbor, quadrupled in cost, to $15 billion. […]
Transportation
Aided by Deregulation, Upstart Airlines Revive Old Airport
The suburban Chicago Daily Herald reports that Midway Airport, on the city’s south side, is thriving. While the rest of the aviation industry is struggling, Midway is thriving. Airline traffic nationwide was down last year, but Midway handled the most passengers it’s ever served: 17 million, a 9 percent increase over 2001. O’Hare had nearly 67 million passengers, down about 1 percent. Why? Two words: Southwest […]
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