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 11.26.14 ** HD iPad-Friendly -- Airborne 11.26.14 **
** Airborne 11.24.14 ** HD iPad-Friendly -- Airborne 11.24.14 **
** Airborne 11.21.14 ** HD iPad-Friendly -- Airborne 11.21.14 **

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

Aero-TV: Potential Energy -- Aero Electric Aircraft Corporation

The Future Of Aviation Could Prove To Be Uniquely Powerful Learning to fly can be an “electrifying” experience, and ANN CEO and Editor-In-Chief, Jim Campbell, gives us >[...]

Airborne 11.26.14: Island Air Scrooges Pilots, DC's NextGen, EAA On Stadium Flts

Also: F35C Pilots Build Time, A Sea Of Yellow Cubs, Lycoming's Dual Fuel Husky, CAP's Gold Medal, Boeing SC's First 787-9 This report could be called the story of the Grinch who st>[...]

AeroSports Update: What Is An LSA, And How Do I Know?

The Term Light Sport Aircraft (LSA) Is A Description Of An Aircraft, Not A Specific Type Of Aircraft Airworthiness Certification Anyone that holds a sport pilot certificate, or any>[...]

Airborne 11.26.14: Island Air Scrooges Pilots, DC's NextGen, EAA On Stadium Flts

Also: F35C Pilots Build Time, A Sea Of Yellow Cubs, Lycoming's Dual Fuel Husky, CAP's Gold Medal, Boeing SC's First 787-9 This report could be called the story of the Grinch who st>[...]

ANN's Daily Aero-Linx (11.28.14)

NEXRAD Radar Updated, accurate weather information is among the most critical data we need for safe flight, particularly on long cross-countries.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC