Illinois Gov. Pat Quinn has signed legislation that paves the way for using a public private partnership to build the long-planned third Chicago regional airport in the far southwest suburbs.

The legislation allows the Illinois Department of Transportation to pursue a P3 to develop, finance, construct, and operate the airport planned for a site in Will County near the town of Peotone. Quinn touted the project as a means to create more than 11,000 construction jobs and 14,000 permanent jobs.

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