Slow start for Chicago private infrastructure plan

CHICAGO (AP) — Mayor Rahm Emanuel had heralded his Chicago Infrastructure Trust as a tool for attracting private investors to bankroll transformative mega-projects in the city in return for a cut of the profits.

Fast-forward two years, and the trust is just launching its first endeavor — a massively scaled-back energy efficiency project for 60 buildings with an outside investment of just $12 million. That’s led critics to doubt the potential for bigger projects.