CTA's Red Line extension gets new financial help.

Autor:	Hinz, Greg (AUTHOR)
Předmět:	CHICAGO Transit Authority, LOCAL transit access, REAL property tax, INFRASTRUCTURE (Economics), LOCAL finance, ZIP codes
Zdroj:	Crain's Chicago Business. 8/5/2024, Vol. 47 Issue 30, p4-4. 1p.
Abstrakt:	The Biden administration has announced increased funding for the Chicago Transit Authority's plan to extend its Red Line train service to the south city limits. The Federal Transit Administration will provide $1.973 billion over seven years, reducing local financing costs by over $200 million. Construction is expected to begin next year, with the line opening in 2027 and projected to carry 38,000 riders a day. U.S. Rep. Mike Quigley and Senators Dick Durbin and Tammy Duckworth have praised the decision, emphasizing the importance of improving transit access for Chicago residents. [Extracted from the article]
Databáze:	Regional Business News
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