CHICAGO — The Chicago City Council Wednesday approved up to $1 billion of new-money and refunding debt that will help the city keep its $8 billion O’Hare International Airport expansion project on track as negotiations with the airlines over upcoming projects continue.

Citi is senior manager on the deal slated for sale late this year or in January. Siebert Brandford Shank & Co. is co-senior manager. Another 10 firms are co-managers.

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