By DANIEL MICHAELS and AMY MERRICK

An investment group that contracted to take over Chicago's Midway Airport is unlikely to meet a Monday deadline to pay the city $2.52 billion, people familiar with the talks said, marking a new setback for airport privatization efforts in the U.S.

Mayor Richard M. Daley must now decide whether to extend the consortium's deadline to make the lump-sum payment or cancel the deal and keep the group's $126 million deposit.

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Posted by boyang at April 2, 2009 7:15 AM