CHICAGO — Chicago will allow seven teams to bid on a long-term lease of three waste collection and recycling facilities, the latest in a series of proposed asset-lease transactions undertaken by the city, officials announced yesterday.

The city last fall launched a request for qualifications from firms interested in bidding on the right to operate the facilities in exchange for an up-front cash payment. The city reviewed 12 submissions and prequalified seven teams to participate in a competitive bidding process.

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