CHICAGO — The federal government has formally invited Chicago to apply for a $292 million TIFIA loan to help finance an $884 million intermodal facility that includes a new consolidated car rental center and parking facility at O'Hare International Airport.

The city's overall financing package relies on the $292 million Transportation Infrastructure Finance Innovation Act loan along with proceeds of previously issued general airport revenue bonds and the upcoming sale of O'Hare Customer Facility Charge Revenue Bonds along with other airport funds.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.