CHICAGO-- Mayor Richard M. Daley of Chicago yesterday announced a plan to issue $160 million of general obligation bonds to finance infrastructure repairs and industrial parks, marking the city's first bond program for infrastructure since 1987.

"Upgrading Chicago's infrastructure is vital to the city's economic well-being," Mayor Daley said during a press conference on a city bridge. "Our roads and bridges are the arteries of commerce that keep our economic blood flowing."

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