Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
$100M in Federal Funds Granted for Chicago Transit’s RPM Project
The Chicago Transit Authority’s $2.1-billion Red and Purple Line Modernization (RPM) program is getting a boost from the federal government. The U.S. Department of Transportation will provide a $100-million grant for ongoing improvements to the Red and Purple heavy rail lines on Chicago’s North Side.
“Thousands of people use the ‘L’ every day to get to work, school and around the city,’ said U.S. Rep. Mike. Quigley. “This funding will enable CTA to continue progress on the vital Red Purple Modernization project on the North Side, and keep working to ensure the ‘L’ remains a reliable transportation option for all Chicagoans.”
This funding will help with Phase 1 of the RPM project, and reportedly is part of a $957-million federal funding package that was agreed to during the last days of the Obama administration. CTA is still seeking funding for Phase 2 of the RPM project, its largest to date.
Connect Chicago Fall 2019 will take place Oct. 29 in Chicago. For more information, or to register, click here.
Subscribe to Connect Daily Chicago
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
