![]() ![]() The agency plans to meet most of its required match through a transit TIF, which would funnel property tax revenue increases into the Red Line Extension project for 35 years, agency officials said. The CTA is banking on the feds to pick up about 60 percent of Red Line Extension costs, bur the agency must have a “local match” to secure the federal funding. Transportation Secretary Pete Buttigieg, Mayor Lori Lightfoot and local officials tour the 95th/Dan Ryan Red Line station to see recent accessibility and modernization improvements to the CTA in Roseland on July 16, 2021. “We’re perfectly positioned to complete this project.” Credit: Colin Boyle/Block Club Chicago U.S. “This is really the perfect time to get both the federal resources that we need from the infrastructure law,” Mooney said. The CTA estimates construction can begin in 2025 if funding is secured, with Red Line service coming to the Far South Side by the end of the decade. “We want to ask for a line in the federal budget later this summer, which will queue us up for the full funding grant agreement we hope to get in 2024,” said Leah Mooney, director of strategic planning and policy for the agency. The Red Line Extension project has been in the preliminary “project development” phase for potential New Starts funding since 2020, and it is ready to take the next step toward receiving the funding, officials said. Early design work and environmental reviews for the extension are nearly complete, they said, and they’re preparing to ask for up to $2.16 billion from the federal New Starts program, which support new rail lines and rail extensions costing more than $300 million or needing more than $100 million in funding. Now, CTA officials say they’re closer than ever to securing full funding for the project. Projected dates years in the future for completing the work have come and gone. For decades, Far South Siders have read headline after headline promising the long-awaited extension was finally becoming reality - only to see no construction materialize. Daley promised to extend the Red Line beyond 95th Street when the Dan Ryan terminal opened in 1969. The CTA also wants to create a “transit” tax-increment financing (TIF) district to fund nearly a quarter of the project, build a train yard at 120th Street and support transit-oriented developments in the neighborhoods near the new stations, officials said. Stations would be built at 103rd and 111th streets near Eggleston Avenue, at Michigan Avenue near 116th Street and at 130th Street near Altgeld Gardens. The Chicago Transit Authority’s $3.6 billion plan to extend the Red Line nearly 6 miles would move its terminal from 95th Street to 130th Street. A copy of that presentation is available here.ROSELAND - The city’s transit agency is asking for more than $2 billion in federal funding for its Red Line Extension project, which Far South Siders say would relieve a “transportation desert” and boost the local economy if completed equitably. Information about the RLE TIF proposal was presented to the City's Committee on Finance on Dec. Search tool for addresses within the proposed TIF district.The RPA boundary is subject to change before City Council approval. Existing TIF Districts are excluded from the RPA. It represents parcels that generate increment for the Transit TIF. For the RLE TFIA, the funds can only be spent on the Red Line Extension. The TFIA boundary represents the area where revenues generated from the Transit TIF can be spent on a qualifying transit project. The proposed Transit TIF district for the RLE includes Transit Facility Improvement Area (TFIA) and a Redevelopment Project Area (RPA). ![]() Individuals interested in receiving updates about the TIF designation process can download and return the Interested Parties form below. Each station will include bus, bike, pedestrian, and park and ride facilities to support their roles as economic anchors and transit nodes for adjacent neighborhoods. The 5.6-mile route is planned to include four new stations near 103rd Street, 111th Street, Michigan Avenue, and 130th Street. The City of Chicago is proposing to designate a Transit TIF to fund a portion of the CTA's Red Line Extension (RLE) Project on the Far South Side. ![]()
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