Chicago Politics As Usual? Former Mayor's Son Profited From Airport Wi-Fi Deal | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 09.26.16

Airborne 09.27.16

Airborne 09.28.16

Airborne 09.29.16

Airborne 09.30.16

Airborne Hi-Def On YouTube

Airborne 09.26.16

Airborne 09.27.16

Airborne 09.28.16

Airborne 09.29.16

Airborne 09.30.16

Wed, Jun 08, 2011

Chicago Politics As Usual? Former Mayor's Son Profited From Airport Wi-Fi Deal

Patrick Daley Realizes Over $700,000 From Concourse Communications

The son of former Chicago Mayor Richard M. Daily was not listed as an investor in Concourse Communications when it was awarded a contract for Wi-Fi services at O'Hare and Midway airports. But Patrick Daley did serve as a liaison between the company and its investors, and reportedly walked away with nearly $709,000 when the company was sold in 2006.

The company was sold to Boingo Wireless Inc. less than a year after it was awarded the contract, according to a report in the Chicago Sun-Times. Daley received five payments over 17 months from the deal, totalling $708,999. Some of that was paid while Daley served in the U.S. Army.

Mayor Daley's press secretary told the paper in 2007 that the younger Daley had "no financial interest" in the deal. It is still unclear exactly how the deal was structured, though Patrick Daley's payment was reportedly tied to the sales price. It appears to have been the result of his involvement with a venture capital firm in Chicago.

The two Daleys now work together on "international business deals."

 FMI: www.cityofchicago.org

Advertisement

More News

Airborne 09.29.16: SpaceX Raptor, FAA v KSMO, First A330neo

Also: ISU Plane Mess, Redbird-NBAA-Deland, 1st Inuit Female Pilot, NTSB on Reno, Rotorwash, Air Tanzania Q400s, Av-Appreciation It looks like the concept of presidential candidates>[...]

AD: Airbus Airplanes

AD NUMBER: 2016-18-07 PRODUCT: Certain Airbus Model A330-200 and -300 series airplanes; and Model A340-200 and -300 series airplanes.>[...]

AD: REIMS AVIATION S.A. Airplanes

AD NUMBER: 2016-19-15 PRODUCT: Certain REIMS AVIATION S.A. Model F406 airplanes.>[...]

Airborne 09.28.16: NEW DJI Mavic!, EAA's Next STC, Sean Tucker Honored

Also: LA Times v SMO, APS UAT Program, Gordon Bennett 2016, Tucson Control Tower, Hubble Find, Southwest Airlines, Iowa State Another new small unmanned aerial system is now on the>[...]

ANN's Daily Aero-Linx (09.30.16)

Airline Pilot Central AirlinePilotCentral.com (“APC”) launched in 2005 with the goal of providing comprehensive information for airline pilots.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC