CTA considering public-private partnership for expansion
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CHICAGO (FOX 32 News) -
An expansion of the CTA Red Line may end up being a public-private partnership. Goldman Sachs has been hired by the transit authority to explore the possibility.
A public-private partnership means private contractors would be hired to design, build and bankroll the project, but the CTA would still operate the completed product.
The expansion to 130th Street would likely cost around $1.5 billion, but the CTA hasn't figured out to pay for it.
Thursday, May 16 2013 9:49 PM EDT2013-05-17 01:49:53 GMT
Mayor Emanuel will celebrate two years in office by unveiling "Elevate Chicago" on Thursday, a series of construction projects to improve Navy Pier and McCormick Place.
Mayor Emanuel will celebrate two years in office by unveiling "Elevate Chicago" on Thursday, a series of construction projects to improve Navy Pier and McCormick Place.
Monday, February 25 2013 1:41 PM EST2013-02-25 18:41:37 GMT
Just as Oscar host Seth MacFarlane set his sights on a variety of targets with a mixture of hits and misses, the motion picture academy spread the gold around to a varied slate of films.
Just as Oscar host Seth MacFarlane set his sights on a variety of targets with a mixture of hits and misses, the motion picture academy spread the gold around to a varied slate of films.
Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times.
After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr...
A Chicago startup wants to make finding your lost items easier, with a new website and mobile app called "crowdfynd." Co-founders Jay Sebben and Pinaki Saha explained how they're helping relieve your anxiety.
A Chicago startup wants to make finding your lost items easier, with a new website and mobile app called "crowdfynd." Co-founders Jay Sebben and Pinaki Saha explained how they're helping relieve your anxiety.
Sunday, May 19 2013 11:50 AM EDT2013-05-19 15:50:06 GMT
One number in Saturday night's Powerball drawing was the difference for a dozen Illinois players between being $10,000 richer and living the life of a multi-millionaire - whose ticket was purchased in Florida.
One number in Saturday night's Powerball drawing was the difference for a dozen Illinois players between being $10,000 richer and living the life of a multi-millionaire - whose ticket was purchased in Florida.
Friday, May 17 2013 2:26 PM EDT2013-05-17 18:26:00 GMT
The Powerball jackpot has jumped again! An incredible $600 million is up for grabs, and officials expect it will increase even more before Saturday night's drawing.
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The Powerball jackpot has jumped again! An incredible $600 million is up for grabs, and officials expect it will increase even more before Saturday night's drawing.
Chicago born designer Samantha Sleeper is making a triumphant return home this weekend, to showcase her latest collection in the Gold Coast at her very own pop-up shop.
Chicago born designer Samantha Sleeper is making a triumphant return home this weekend, to showcase her latest collection in the Gold Coast at her very own pop-up shop.
Thursday, May 16 2013 9:49 PM EDT2013-05-17 01:49:53 GMT
Mayor Emanuel will celebrate two years in office by unveiling "Elevate Chicago" on Thursday, a series of construction projects to improve Navy Pier and McCormick Place.
Mayor Emanuel will celebrate two years in office by unveiling "Elevate Chicago" on Thursday, a series of construction projects to improve Navy Pier and McCormick Place.
Thursday, May 16 2013 1:51 PM EDT2013-05-16 17:51:56 GMT
The Chicago Farmer's Market opened for business in Daley Plaza on Thursday, offering fresh fruit, vegetables, plants and flowers to anyone who stops by the downtown set-up.
The Chicago Farmer's Market opened for business in Daley Plaza on Thursday, offering fresh fruit, vegetables, plants and flowers to anyone who stops by the downtown set-up.
You can save thousands of dollars on your yard projects in just a couple of weekends, even if you haven't tried working on it before! FOX consumer reporter Steve Noviello shows you how.
You can save thousands of dollars on your yard projects in just a couple of weekends, even if you haven't tried working on it before! FOX consumer reporter Steve Noviello shows you how.
Former "Charlie's Angel" Jaclyn Smith is celebrating 28 years with Kmart by launching her new outdoor living line. She explained you can bring the comfort of the indoors outside by "shopping your way."
Former "Charlie's Angel" Jaclyn Smith is celebrating 28 years with Kmart by launching her new outdoor living line. She explained you can bring the comfort of the indoors outside by "shopping your way."
Monday, May 20 2013 2:53 PM EDT2013-05-20 18:53:43 GMT
Five people died and six others were taken to hospitals Monday after the van they were riding in left a southern Illinois freeway and overturned several times, Illinois State Police said.
Five people died and six others were taken to hospitals Monday after the van they were riding in left a southern Illinois freeway and overturned several times, Illinois State Police said.
Sunday, May 19 2013 12:32 PM EDT2013-05-19 16:32:45 GMT
A 23-year-old woman was killed and four others were critically injured when two cars crashed into a building in the Far South Side Washington Heights neighborhood early Sunday.
A 23-year-old woman was killed and four others were critically injured when two cars crashed into a building in the Far South Side Washington Heights neighborhood early Sunday.
Friday, May 17 2013 1:49 PM EDT2013-05-17 17:49:58 GMT
Nine stops on the south branch of the CTA's Red Line – from Cermak/Chinatown to 95th/Dan Ryan - will be shut down starting Sunday for a five-month $1 billion reconstruction project.
Nine stops on the south branch of the CTA's Red Line – from Cermak/Chinatown to 95th/Dan Ryan - will be shut down starting Sunday for a five-month $1 billion reconstruction project.
Wednesday, May 15 2013 4:00 PM EDT2013-05-15 20:00:03 GMT
A truck driver was seriously injured when the semi-truck he was driving overturned on the exit ramp from the outbound Eisenhower Expressway to Route 83 North.
A truck driver was seriously injured when the semi-truck he was driving overturned on the exit ramp from the outbound Eisenhower Expressway to Route 83 North.
Wednesday, May 15 2013 2:51 PM EDT2013-05-15 18:51:57 GMT
Some big headaches are just days away for CTA Red Line riders on Chicago's South Side. The reconstruction of the south branch is scheduled to begin, along with free shuttle service.
Some big headaches are just days away for CTA Red Line riders on Chicago's South Side. The reconstruction of the south branch is scheduled to begin, along with free shuttle service.
Wednesday, May 15 2013 9:12 AM EDT2013-05-15 13:12:16 GMT
A 38-year-old woman accused of dragging a Chicago Police officer from a vehicle while speeding away from a traffic stop Monday night has been charged with attempted first-degree murder, police said.
A 38-year-old woman accused of dragging a Chicago Police officer from a vehicle while speeding away from a traffic stop Monday night has been charged with attempted first-degree murder, police said.
