Courtesy: Chicago Methods ReporterThe city’s decrepit El infrastructure won’t get the repairs it desperately needs in the next few years because the money needed won’t be there, CTA officials said Wednesday.
The CTA plans to recommend that its capital improvement program be slashed by $94.5 million this year and by a total of $200 million over the duration of the five-year program. The recommendation is expected when it’s the CTA board meets next week.
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Our Wilson stop won't be rehabbed anytime soon, yet Truman can use TIF funds for a parking garage. How does that happen?
ReplyDeleteGee, you would think the CTA is rich since they sold the Wilson Yard for a bargain basement price of $6.6 Million when the land would have sold for $25 Million on the open market.
ReplyDeleteCheck out The Reader's archives on Ben Joravsky's article, Crazy Kruesi.
So we get screwed 2X on Wilson Yard.
Make that, we got screwed 3X.
ReplyDeleteWhen Shiller was first elected to office, the big campaign issue was the virtual giveaway of Challenger Park to the Cubs for a parking lot (under the El Tracks at Kenmore & Irving next to the Graceland Cemetary Wall).
The Cubs got their's in a contract that keeps going, and going, and going like the Energizer bunny. The Community is still waiting for theirs including the CTA contract component to install protective shields under the EL tracks from Wilson Yards to Irving Park. These shields are needed to protect homeowners and alley user's cars from CTA oil and droppings.
We've only been waiting for that CTA expenditure for, gosh, 15 years or so. CTA claims they've had no money to keep their contract obligation to the community for every year for the past 15 years as they've spent money elsewhere and sold the adjacent Wilson Yards below value.
On the other side of the Challenger Park city contract, the Cubs keep taking, and taking, and taking. Sounds like a helluva good deal for Sam Zell. Not so good for us.