Resolving Portland’s $5 Billion Yoke of Debt

The Fall 2008 Reason Report notes, the Chicago City Council has “unanimously approved a deal with a Canadian-American consortium to privatize Midway Airport.” The 99-year lease deal, pending approval of the FAA and Transportation Security Administration, “is expected to add more than $1 billion to the city’s coffers after covering the remainder of its Midway debt.” If the Port of Portland would play nice, a similar deal regarding Portland International Airport could help resolve the city of Portland’s $5.125 billion debt problem — which is a yoke around the neck of We the People. According to the local BoJack blog, each city residents’ share of that debt is near $9,000… and growing.