Chicago & Midwest | November 19, 2020

The life sciences and transportation sectors are seeing strong growth in the Chicagoland region, says World Business Chicago

Lightfoot Plans $3.7B of Infrastructure Spending

Mayor Lori Lightfoot laid out a five-year capital plan to create $3.7 billion worth of infrastructure projects citywide. The city plans to fund 2021 and 2022 construction through $1.4 billion in general obligation bonds.

“Our Five-Year Capital Plan is our latest ambitious campaign to invest in Chicago’s residents and businesses, and lays the groundwork for our future as a premier global destination and the best city in the world to call home,” Lightfoot said Wednesday.

The plan is intended to promote equity, public safety and year-to-year project continuity by funding repairs in each of Chicago’s 77 neighborhoods. The city will work with aldermen and the community to prioritize the projects that are in the worst condition.

“This Five-Year Capital Plan provides CDOT with the resources to make vital infrastructure investments across the entire city of Chicago, including those prioritized in the Mayor’s Invest South/West Initiative,” said Transportation Commissioner Gia Biagi.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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