The Red Line Extension Project (RLE), which will extend the Red Line 5.6 miles to Chicago’s Far South Side, has advanced into the next phase of the federal “New Starts” program, meaning the project is now in line for $1.973 billion in grant funding. The grant would be the largest transit infrastructure grant awarded to the Chicago Transit Authority (CTA) in the agency’s history.
The project calls for extending the Red Line on the Far South Side from 95th to 130th. “Reversing decades of disinvestment starts with providing accessible transportation for all residents of this city,” said Mayor Brandon Johnson. “We will continue to work with stakeholders, the state, and federal government to ensure this project is moving full steam ahead.”
The $3.6 billion RLE Project will now begin the “engineering” phase of the project to further identify the federal grant dollars CTA can receive from the Federal Transportation Administration.
The post CTA Clinches $2B Federal Grant for Red Line Extension Work appeared first on Connect CRE.
The Red Line Extension Project (RLE), which will extend the Red Line 5.6 miles to Chicago’s Far South Side, has advanced into the next phase of the federal “New Starts” program, meaning the project is now in line for $1.973 billion in grant funding. The grant would be the largest transit infrastructure grant awarded to the …
The post CTA Clinches $2B Federal Grant for Red Line Extension Work appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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