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 -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-06.10.24

Airborne-NextGen-06.11.24

 Airborne-Unlimited-06.12.24 Airborne-FltTraining-06.13.24

Airborne-Unlimited-06.14.24

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

ANNouncement: Now Accepting Applications For Oshkosh 2024 Stringers!!!

An Amazing Experience Awaits The Chosen Few... Oshkosh, to us, seems the perfect place to get started on watching aviation recover the past couple of years... and so ANN is putting>[...]

Aero-News: Quote of the Day (06.13.24)

“NBAA has a tremendous responsibility to the business aviation industry, and we are constantly collaborating with them. Our flight departments, professionals and aircraft own>[...]

ANN's Daily Aero-Term (06.13.24): Dead Reckoning

Dead Reckoning Dead reckoning, as applied to flying, is the navigation of an airplane solely by means of computations based on airspeed, course, heading, wind direction, and speed,>[...]

ANN's Daily Aero-Linx (06.13.24)

Aero Linx: Vertical Aviation Safety Team (VAST) We are a public–private initiative to enhance worldwide flight operations safety in all segments of the vertical flight indust>[...]

ANN FAQ: How Do I Become A News Spy?

We're Everywhere... Thanks To You! Even with the vast resources and incredibly far-reaching scope of the Aero-News Network, every now and then a story that should be reported on sl>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 06.14.24: Air Race Classic, Bong's P-38, Powered Lift Regs

Airborne-Flight Training 06.13.24: Abandoned Students, Nolinor C172, Simming

Airborne 06.12.24: Stupid Heli Trix, Seaplane v Boat, Aussie NIMBY

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC