Single bidder led Mayor Emanuel to scrap Midway privatization plan

Mayor Rahm Emanuel is explaining why he's giving up on the idea of trying to take Midway Airport private.

As ABC7 first reported on Thursday, one of the two remaining bidders dropped out of the high-stakes showdown.

The mayor scrapped the idea because a single bid would not produce a good deal.

The mayor was facing more and more opposition from the city council because of the highly-criticized deal that privatized Chicago parking meters during the Daley administration.