CTA funding plan for $3.6 billon Red Line extension uses almost $1 billion in property taxes
To extend the Red Line to 130th Street, the CTA hopes to land a $2.16 billion federal grant and must come up with $1.44 billion to match it. To do that, it plans to raise $950 million through a special tax district for transit projects.
Personally, I’m perfectly fine with my taxes going toward public infrastructure.
It’s really telling to me that any article about public transportation expansion in the US always leads with the cost, and yet that’s rarely brought up as the main issue when headlines about highway expansions/improvements are on the table. Tells you all you need to know about transportation priorities in this country.
They’re always going on and on about how much these things cost as if $3.6 billion is even a lot of money. Comparatively speaking it is nothing. Just build the thing. Circle line too.
This needed to happen like 40 years ago, the sooner it happens the better. It’s an investment in the future.
How many decades can they talk about this before actually building it? This should have been in 20 years ago along with the circle line and maybe another N/S subway (Western Ave?). Right now we should be working in infilling the west side green line stations and building BRT or maybe even subways on outer N/S streets like Pulaski, and Cicero. These are the kinds of things that peer cities in Europe are doing.
Where the hell are all the taxes we pay going? I know this is a "car city" according to Lori, but the roads aren't even that nice.
I’m fine with this. The far south side is desperately lacking transit
I’m giving this project a 99% chance of being over budget and an even higher chance of not being finished on time.
Although I'm extremely happy to see CTA finally getting an extension, I am also a bit skeptical about whether the cost makes this worth it. This extension is going to cost roughly $434 million per track mile, however, Metra has claimed they could get the ME running every 15 minutes for $27 million per track mile. My personal opinion is that the city should have cooperated with Metra more to get the ME running every 15 minutes, and instead invested in a green line extension from Ashland/63rd to MDW, however I'm in no position to accurately calculate the cost of a red line extension vs a green line extension.
The infrastructure needs an upgrade and an update. At least the taxes are being used for something useful
Has anybody costed how much it would be to build an elevated line down the full length of Western? That might bring greater utility at lower cost.
WTF else should property taxes be used for?
This is good news.
Downtown Ald. Brian Hopkins (2nd) said an “under-the-radar” change in the state TIF statute approved by the General Assembly in 2021 paved the way for a transit TIF that would “import money from one end and spend it in the other” — and “that’s exactly what’s happening” here.
“The money for this project will be generated between Madison and Pershing... and it will all be spent at 130th. That wouldn’t have been allowed previously,” Hopkins said.
Why not have the transit TIF cover the area that would benefit from the red line extension, and avoid any robbing Peter to pay Paul scenarios?