The Chicago Public Schools, along with the city of Chicago itself, serve as an exemplary case of neoliberal reorganization, as corporate and governmental "leaders" remake Chicago into a global city meeting the needs of capitalism. As such, Chicago provides us with an example of "actually existing neoliberalism," in which neoliberalism's goals are contradictory and contested. The focus in this article is on Renaissance 2010, a corporate proposal to reform both the city and its schools to create schools and spaces that will attract the professionals needed in a global city. Renaissance 2010 places public schooling under the control of corporate leaders who aim to convert public schools to charter and contract schools, handing over their administration to corporations and breaking the power of unions. However, as the article shows, such reforms not only disenfranchise the poor, people of color, students, parents, and educators, but also create an economically and spatially separate city. Consequently, while neoliberalism is promoted as an efficient and neutral reform, in Chicago neoliberalism faces increasing resistance. (Contains 5 notes.)