Illinois Gov. Pat Quinn and Chicago Mayor Rahm Emanuel announced last week the $1 billion reconstruction of the Chicago Transit Authority’s busy Red Line.
Illinois committed $646 million more for the project, which will come from the state’s partially bond-financed $31 billion capital program. The contribution comes in addition to $56 million in state funding already earmarked for the project. Federal funding will cover $255 million and the city will cover the rest.