Aviation Committee authorizes rent relief for O’Hare and Midway concessionaires
O’Hare and Midway Airport concessionaires that have shut down or seen their revenues plummet because of the coronavirus would get some relief under a mayoral plan advanced Friday.
Normally, airport concessionaires pay the city a percentage of sales or a “minimum annual guarantee” based on sales the previous year, whichever is greater.
That is no longer possible. The coronavirus has devastated the travel industry and the airport concessionaires that depend on crowded airports.
The relief package, championed by Mayor Lori Lightfoot and advanced Friday by the City Council’s Aviation Committee, would serve as a temporary life raft for Midway and O’Hare concessionaires that agree to keep their employees.