House prices and the proposed expansion of Chicago's O'Hare Airport.

From: Economic Perspectives | Date: September 22, 2004| Author: McMillen, Daniel P. | Copyright information

Introduction and summary

Controversial plans to expand Chicago O'Hare Airport would add an additional runway and reconfigure the seven existing runways. The proposed expansion would allow the airport to handle 1.6 million flights annually, up from approximately 928,000 in 2003. O'Hare is not alone in having expansion plans: 18 of the 31 large hub airports in the U.S. are planning to add runways in the next decade. As of 2001, these 31 airports accounted for 70 percent of...

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