CHICAGO (WBBM NEWSRADIO) -- Two of the three Canadian investors who hold the Chicago Skyway lease are considering a sale.
The Canada Pension Plan Investment Board and OMERS Infrastructure, which both own a third of the lease are valuing the Skyway lease at more than $4 billion, according to Bloomberg News.
The third investor, the Ontario Teachers’ Pension Plan, is planning to retain it’s stake.
The Skyway was among city assets offered up by then-mayor Richard Daley in 2005 for $1.8 dollars and a 99-year lease.
The parking meters and downtown parking garages were sold off as well. The Skyway lease would sell ten years later for $2.8 billion dollars.
When the initial lease deal was made, it was first privatization of an existing toll road in the U.S.
Last year, the Skyway generated more than $114 million, according to an audit by the accounting firm KPMG.
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