CHICAGO -- Mayor Richard Daley of Chicago unveiled a revised plan Monday that shows building an airport on the city's southeast side would cost about $8.5 billion less than previously estimated and includes the issuance of up to $8.7 billion of revenue bonds.

The city's updated feasibility study pegged the cost of an airport at the so-called Lake Calumet site at $10 billion.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.