Constructed in 1958, the Chicago Skyway was operated and maintained by the City of Chicago Department of Streets and Sanitation for almost 50 years. For most of its life, the Skyway operated at a financial loss. Bondholders obtained court orders several times to raise Skyway tolls to cover the interest payments on the $101 million in bonds sold to build the road, leaving the City to subsidize Skyway maintenance programs. By the 1990s, traffic had increased significantly on the Skyway, as motorists were willing to pay the $2 toll to bypass congestion on I-80 to travel between Indiana and Chicago. In 2002, the Skyway attracted a record 18.7 million motorists, with tolls generating $43 million in revenue, twice the $21.5 million collected in 1993. In 2003, the City completed a $300 million, multi-year capital investment program on the Skyway. With rising traffic and the facility modernization complete, the City of Chicago felt that the Skyway would be an attractive asset for investors to purchase.