Rahm Emanuel's Pick For Chicago Chief Financial Officer Worked On Privatization Deals

04/20/2011 10:59 pm ET | Updated Jun 20, 2011
  • Heather Kenny Chicago Reader

Rahm Emanuel's pick for the city's new chief financial officer suggests he's more open to privatization than he mentioned previously to reporters and voters wary of another parking meter mess.

Greg Hinz is reporting at Crain's that Emanuel's CFO will be Lois Scott, president of the financial advisory firm Scott Balice Strategies. Among other things, the firm is well known nationally for its work on government privatization deals, including proposals to privatize parking facilities in Pittsburgh and Los Angeles that were later put on hold. The firm was also hired by the administration of convicted former Illinois governor Rod Blagojevich to explore the possibility of leasing the state lottery.

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