Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Lightfoot Proposes Next Phase of Multi-Year Capital Improvements Plan
Chicago Mayor Lori Lightfoot on Tuesday introduced a two-year plan for the next phase of her administration’s multi-year, multi-billion-dollar Chicago Works Infrastructure Plan. The plan will leverage capital improvements to spur local economic development.
The plan is designed to build and maintain infrastructure that promotes health, safety and connectiveness for Chicago residents and supports neighborhood economies. Additionally, Chicago Works aims to help the city adapt to climate change and promote water and air quality.
Among the highlights of the 2023-24 plan are more than $1 billion of infrastructure improvements, ranging from $251.7 million proposed for street resurfacing to $197.7 million budgeted for core facility renovations and upgrades to both public facilities and non-public facing facilities.
“The next phase of the capital plan will help us continue to move quickly and plan for long-term projects that spur economic growth and job creation in every Chicago community,” said Transportation Commissioner Gia Biagi.
- ◦Economy
- ◦Policy/Gov't
