Watch CBS News

Australian firm buys two-thirds stake in Chicago Skyway for $2 billion

Australian firm buys two-thirds stake in Chicago Skyway for $2 billion
Australian firm buys two-thirds stake in Chicago Skyway for $2 billion 00:21

CHICAGO (CBS) --The Chicago Skyway has a new owner.

The Australian investment group Atlas Arteria agreed to buy a two-third stake of the toll road for $2 billion. It's the third time the lease has changed hands since former Mayor Richard Daley privatized the Skyway back in 2004.

The mayors office called the sale "a big win for the city" that will generate tens of millions of dollars for Chicago taxpayers.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.