Colorado company tapped to run Illinois Port Authority

A private Colorado-based company has been chosen to run the Illinois Port Authority District, Mayor Rahm Emanuel and Gov. Pat Quinn announced Sunday.

The Broe Group is expected to invest $500 million in Port facilities over the next 10 years under the plan. Emanuel told reporters Sunday the plan will create up to 1,000 permanent jobs and 3,000 construction jobs.

The deal would also create a new partnership with Olive Harvey College, including internship sponsorships, job placement opportunities and training programs for new hires… Please click here to read Jon Seidel’s full story in the Sun Times, or related stories on NBC-5,  or the Tribune.