CHICAGO — Chicago heads to market Tuesday with a $247 million O'Hare International Airport borrowing to help finance a consolidated car rental center that's part of an $800 million multi-modal transportation facility.

Chicago posted a muni-roadshow along with its offering statement for the new credit, which is backed by customer facility charges and facility rents. The city has increased investor outreach to address credit concerns over the project's construction risks, narrow revenue stream and reliance on rental rates that are among the highest in the nation.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.