Canadian pension plans that control the Chicago Skyway reportedly are looking to sell their stakes for a handsome profit, courtesy of drivers forking over tolls that have risen steadily since the city let private operators lease it in 2005.
The Canada Pension Plan Investment Board and OMERS Infrastructure, which invests for an Ontario municipal employees’ pension, are seeking buyers for their Skyway stakes, Bloomberg News reported Wednesday. The account, citing “people with knowledge of the matter,” said the firms were hoping for a deal valuing the 99-year Skyway lease at $4 billion.
