CHICAGO — The U.S. Department of Transportation completed Chicago's $288 million Transportation Infrastructure Finance Innovation Act loan to help fund an $817 million consolidated car rental and intermodal facility at O'Hare International Airport.

Mayor Rahm Emanuel last week announced that the city and federal government had closed on the loan, paving the way for the start of construction. The city was formally invited to apply for the loan in June. The deal rounds out the financing package following the issuance earlier this month of $247 million of O'Hare customer facility charge bonds.

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