No doubt this will prop up our pensions, right? The pensions guaranteed by Illinois law?
- A new $200 million cargo facility on former military land at O'Hare International Airport is expected to open next year.
Aeroterm, which was chosen as developer for the project in 2009 under then-Mayor Richard Daley, plans an 820,000-square-foot facility with an aircraft ramp that can accommodate planes including Boeing's 747-800 series.
The company will cover $130 million of the $200 million cost, with $62 million coming from airport funds. Daley acquired the onetime military land in 1996. The cargo facility will take up 65 acres.
Mayor Rahm Emanuel announced the construction project Monday.
Once again, Rahm has money for everything except the things he's obligated by law to pay.