CHICAGO -- A new public-private partnership at the airport in Gary, Ind. will feature a $100 million investment in the facility and surrounding property over the next 40 years, the airport announced Monday.

A committee formed to launch a P3 for the Gary/Chicago International Airport presented the terms of the agreement to the full airport board Monday. The board is expected to vote on the deal later this month. If it approves the deal, final contracts could be in place by early next year after public hearings.

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