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Central Area Action Plan
CHICAGO CENTRAL AREA ACTION PLAN Chicago is Awesome! April 20, 2010
Central Area Action Plan
2003 Central Area PlanDefined a vision for the next generation of the Central Area
Identified key projects
Guided zoning reform
2008 Central Area Action PlanUpdates development trends
Refines goals and projects
Prices and prioritizes projects
Identifies funding needs and phasing
Implementing Central Area Plan
Central Area Action Plan
Committee & Task Force Structure
Steering CommitteePatricia Scudiero
John Buck
Urban Design, Waterfront & Open SpaceJohn Syvertsen
Economic Development & Land UseMary Ludgin
TransportationRalph Weber
Luann Hamilton
Central Area Action Plan
Central Area Growth & Development Trends
Central Area Action Plan
Population & Demographic Trends
The Central Area’s population was estimated to be 165,500 at the end of 2007, an increase of nearly 54,000 since the 2000 Census.
By 2020, the population of the Central Area is forecast to be between 215,000 and 230,000.
By 2020, growth of 4,500 to 6,000 jobs per year is estimated to push Central Area employment between 630,000 and 650,000.
Central Area Action Plan
Development Trends2000-2007
Base Case Scenario
Opportunity Scenario
Total Addition to Supply Annual Average
Office (SF) 1,600,00 2,200,000 15,135,000 1,892,000
Retail (SF) 250,000 350,000 3,160,000 395,000
Residential (Units) 1,800 2,200 33,464 4,183
Student Housing (Beds) 150 180 4,206 526
Hotel (Rooms) 600 700 4,323 540
Central Area Action Plan
Office DevelopmentMap shows buildings completed since 2001 and under construction.
Office market began a period of recovery in 2006 with positive absorption, dropping vacancy rates, and stable or rising rents.
Several large office buildings are under construction, but few new projects are likely to start until the economy recovers.
Average annual demand is forecast to be 1.2 to 1.5 million square feet.
The supply is not constrained since identified prime office development sites and available space in existing buildings could accommodate approximately 25 million square feet.
Central Area Action Plan
Residential Development
Map shows residential projects completed since 2001 and under construction.
Residential development outpaced the forecast of the 2003 Central Area Plan
An annual average of 4,200 new housing units has been added since 2000.
Current conditions suggest that an annual average of 2,600 to 3,300new housing units will be added each year through 2020.
Central Area Action Plan
Map of Existing andProposed Schoolswithin and adjacent to the Central Area
Central Area Action Plan
Hotel Development
Map shows new and under-construction hotels
Hotel development fell slightly short of the base case projections made in 2000 due primarily to 9/11.
Millennium Park boosted visitation and spurred hotel development, particularly in the Central Loop.
Current economic conditions are likely to stall some of many proposed hotel projects.
An annual average of 500 to 700new hotel rooms is now forecast.
Central Area Action Plan
RetailDevelopmentMap shows retail projects completed since 2001 or under construction.Nearly 400,000 square feet were added annually from 2000 to 2007 in major projects such as NorthBridge and retail components of smaller mixed-use buildings.The emerging retail corridor along Roosevelt Road accounts for much of the new retail. 108 North State, New City “Y” site, and Sullivan Center are among the retail projects underway.The number of new grocery stores reflects demand from the growing residential base.Future retail development is expected to range from 250,000 to 350,000 square feet per year.
Central Area Action Plan
Institutional Development
Map shows new or under construction cultural and educational facilities, churches, government buildings, visitor attractions, and medical facilities.
Schools of higher education played an important part in South Loop and Central Loop development.
New culture venues were added and existing facilities expanded.
State-of-the-art medical facilities continue to strengthen Streeterville.
Central Area Action Plan
Market Sector Growth Benchmarks, 2008-2020
Projected Average Annual Growth
“Maintain the Central Area as the Center of Regional Growth”
OpportunityBase
700
200150
Hotel (Rooms)
3,3002,600
Student Housing (Beds)
100,00085,000Cultural (SF)
350,000250,000Retail (SF)
1,500,0001,200,000Office (SF)
6,000
4,200
EmploymentPopulation
Residential (Units)
4,500
500
5,300
Central Area Action Plan
Economic Development and Land Use Goals
• Maintain Chicago’s position as the economic engine of the region
• Enhance urban vibrancy and utilize the existing infrastructure by supporting dense residential development
• Reduce Chicago’s carbon footprint by implementing cutting-edge environmental practices and green building techniques
• Enhance parks, corridors and waterfronts for residents, workers, students and visitors
• Better connect to the world through O’Hare and Midway airports and the regional rail network
• Strengthen Chicago's ties to the North American economy through efficient freight movement.
• Support the growth envisioned by the plan by investing in transit.
• Frame a city/state/federal capital investment plan supplemented by private participation.
• Coordinate public planning by incorporating the Central Area Action Plan into the regional transportation plan, Chicago 2016 Olympic plans, and state and federal capital programs
Central Area Action Plan
TransportationKey Goals and Projects
Central Area Action Plan
Transportation Goals
• Improve transit in Central Area
• Increase regional transit capacity
• Improve the pedestrian environment
• Manage traffic circulation
• Encourage alternative modes
• Improve national and international connections
Central Area Action Plan
Proposed TransitImprovementswithin the Central Area
Central Area Action Plan
CTA Signal & Capacity UpgradesCity Role: Supporting Timeframe: 2008-2012Cost Estimate: $1.5B system wide Potential Funding Sources:
Federal capital transit funds, local/state bonds
CRITERIA RATINGTransportation
Expands capacity on high ridership lines
Helps solve major reliability & slow-zone problems
Economic Development & Land UseMaintains viable service connecting Central Loop to airports and neighborhoods
Environment & Open SpaceReinvests in existing highly used transit assets
Central Area Action Plan
CTA Station Modernization
City Role: Project LeadTimeframe: 2008- 2020Cost Estimate: $70M - $90M per station for 9
Central Area stationsPotential Funding Sources:
Local/state bonds, TIF, CMAQ
CRITERIA RATINGTransportation Need
Improves competitiveness & accessibility of existing transit system
Does not expand transit coverage
Economic Development & Land UseReinvests in the core Central Area business districts
Environment & Open SpaceAvoids new construction by restoring and making more efficient use of existing infrastructure
Graphic courtesy of www.createprogram.orgOlympic Impact = Yes
Central Area Action Plan
CTA Infill StationsCity Role: Partner with CTATimeframe: Complete 4 stations by 2020Cost Estimate: $40M – $60M per station for 4
new stationsPotential Funding Sources:
Local/state bonds, federal capital funds, TIF, CMAQ
CRITERIA RATINGTransportation
Improves overall connectivity and accessibility of rail system
Economic Development & Land UseExpands access to and from Near South, West and North Sides – all high-growth residential districts with potential for continued growth
Environment & Open SpaceHelps maximize usage of existing infrastructure
Central Area Action Plan
Transit Passenger Info Systems
City Role: Partner with RTA and CTATimeframe: Complete upgrades to all
stations by 2016Cost Estimate: $20M Potential Funding Sources:
TIF, CMAQ
CRITERIA RATINGTransportation
Makes using system in Central Area easier, especially for new/occasional customers
Economic Development & Land UseNo effect--does not change access to or travel time for key districts
Environment & Open SpaceHelps maximize usage of existing system
Graphic from http://www.rtams.org
Central Area Action Plan
Airport Express ServiceCity Role: Partner with CTATimeframe: 2008-2012Cost Estimate: $1.5BPotential Funding Sources:
State/federal funds (construction), private funds (operations)
CRITERIA RATINGTransportation
Improves travel times to both airports from Central Area terminalMay be combined with other signal/track improvements on O’Hare branch
Economic Development & Land UseImproves access for travelers to Central Loop employment center Enhances Chicago’s attractiveness as corporate headquarters city
Environment & Open SpaceReduces reliance on auto/taxis for trips to airport
Central Area Action Plan
Clinton Street SubwayCity Role: Partner with RTA, CTATimeframe: 2012- 2020Cost Estimate: $3B Potential Funding Sources:
FTA New Starts, TIF, CMAQ
CRITERIA RATINGTransportation
Improves access to growing River North subdistrict
Removes congestion from State Street (Red Line) Subway
Economic Development & Land UseServes main corridor of high-density office growth in West Loop
Environment & Open SpaceHelps maximize usage of existing system
Central Area Action Plan
Central Area Transitways
Carroll Ave
Lakefront
East-West (Monroe Street)
Clinton Street
Central Area Action Plan
Carroll Ave TransitwayCity Role: LeadTimeframe: 2008–2012Cost Estimate: $260MPotential Funding Sources:
FTA New Starts/Small Starts, State/local bonds, Transportation Improvement District, public/private partnership
CRITERIA RATINGTransportation
Connects underserved Streeterville, improving travel to hospitals/Navy PierProvides east-west connectivity in area without major direct roadway route
Economic Development & Land UseSupports residential and employment growth in Streeterville, River North, and West Loop
Environment & Open SpaceReduces reliance on autos for trips to Streeterville districtUses existing unused right-of-way
Central Area Action Plan
East-West TransitwayCity Role: LeadTimeframe: 2012-2016Cost Estimate: $200MPotential Funding Sources:
FTA New Starts/Small Starts, State/local bonds, Transportation Improvement District, public/private partnership
CRITERIA RATINGTransportation
Addresses long-studied need for east-west transit connectivity in Central LoopConnects West Loop and East Loop commuter stations
Economic Development & Land UseServes core of Central Area employment districts
Environment & Open SpaceImproves access to LakefrontProject construction may cause major short-term disruptions
East-West Transitway (Monroe)
Central Area Action Plan
Lakefront Transitway
Lakefront Transitway
City Role: LeadTimeframe: 2012-2016Cost Estimate: $150MPotential Funding Sources:
FTA New Starts/Small Starts, state/local bonds, Transportation Improvement District, public/private partnership
CRITERIA RATINGTransportation
Provides rapid transit service along high-growth eastern portion of Central Area Connects Near South & Streeterville
Economic Development & Land UseConnects key cultural/tourism assets along lakefrontSupports Olympics bid
Environment & Open SpaceProvides direct transit access from Near South to Lakefront parksUses existing improved right-of-way
Central Area Action Plan
West Loop Transportation Center West Loop Transportation CenterCity Role: LeadTimeframe: 2012-2016Cost Estimate: $2B Potential Funding Sources:FTA New Starts, State bonds, TIF
CRITERIA RATINGTransportation
Connects major West Loop hubs with local, regional, and national networksWill serve future transitway and Clinton subway projects
Economic Development & Land UseInvests in West Loop, the area driving Central Area employment growth
Environment & Open SpaceSupports all alternatives to auto use
Central Area Action Plan
Union Station UpgradesCity Role: Partner with Amtrak, Metra, RTATimeframe: 2008-2012Cost Estimate: $80M - $100M Potential Funding Sources:
State/local bonds, TIF, CMAQ, Amtrak
CRITERIA RATINGTransportation
Improves efficiency of busiest transfer site in the regionImproves comfort, accessibility, & potential capacity of existing service
Economic Development & Land UseEnhances West Loop as hub of new office growth
Environment & Open SpaceHelps maximize usage of landmark station
INSERT AMTRAK GRAPHIC??
INSERT REDEVELOPMENT PROPOSAL GRAPHIC??
Streetway & Pedestrian
Access Improvements
New Intermodal
Facility
= existing access point
Platform & Capacity
Enhancements
Passenger Area
Improvements
Central Area Action Plan
Wacker Drive Reconstruction
City Role: LeadTimeframe:
E/W portion completed N/S leg requires funding (2008-2012)
Cost Estimate: $350M for N/S legPotential Funding Sources:
State/local bonds, TIF
CRITERIA RATINGTransportation
Reinvests in major streetway abutting river’s South Branch Lower level provides delivery and parking garage access
Economic Development & Land UseImproves auto & pedestrian environment in most actively developed office corridor in Central Area
Environment & Open SpaceAdds streetscaping elements and green infrastructure
Central Area Action Plan
North LSD ImprovementsCity Role: Partner with IDOTTimeframe: 2012-2016Cost Estimate: $200MPotential Funding Sources:
Local/state bonds, CMAQ, Federal earmarks
CRITERIA RATINGTransportation
Improves unsafe curve at Oak St. and intersection at Chicago Ave.Provides more space for bicycle and pedestrian paths along Lakefront
Economic Development & Land UseImproves access to growing employment and residential concentrations in Streeterville
Environmental & Open SpaceDramatically increases open space amenities and access to Lakefront
Graphic courtesy of www.createprogram.org
“Smoothed” Curve
Improved Auto & Ped
Access
More Lakefront
Open Space
Central Area Action Plan
Regional Transit Projects-Metra and CTA
Central Area Action Plan
Urban Design, Waterfront & Open SpaceKey Goals and Projects
Central Area Action Plan
Urban Design, Waterfront & Open Space Goals
• Strengthen Chicago as an environmentally sustainable city
• Strengthen the Lakefront as Chicago's great public space
• Develop the Chicago Riverfront as a continuous system of premier public places
• Create a new generation of downtown parks
• Complete the Central Area’s framework of richly landscaped streets and boulevards
Central Area Action Plan
Areas of Special Interest
Central Area Action Plan
Urban Form
Central Area Action Plan
Parks and Streetscapes
Central Area Action Plan
Urban Design ProjectsKennedy Corridor Improvements and Cap
Streetscape Improvements
Building Lighting Enhancement
Central Area Action Plan
Streetscape Improvements
City Role: Lead by CDOTTimeframe: 2008-2016Cost Estimate: Varies
Project Description:Expand streetscape upgrades that have
benefited prominent north/south streets within the Central Area.
To complement these, improvements are proposed for east/west streets to enhance motorist and pedestrian mobility and to anchor investment in surrounding areas. Improvements should incorporate environmentally friendly design elements and materials from the City’s “Green Alleys and Streets” initiative and from the Green Urban Design Task Force.
Central Area Action Plan
Lighting Enhancements
City Role: Involvement of CDOT. DLUP, DCD, DOE
Timeframe: 2008-2012Cost Estimate: $400,000
Project Description:Enhance structure lighting.
A program of improvements along Michigan Avenue has been developed by Schuler Shook. Michigan should serve as the pilot for similar programs on LaSalle and Randolph.
A grant or loan program should be established to facilitate private sector implementation.
Lighting improvements guidelines should include recommendations from the “Lights Out Chicago” program, which protects migratory birds, saves energy, and decreases maintenance costs.
Central Area Action Plan
Kennedy Corridor Enhancements & Cap
City Role: Lead by CDOTTimeframe:
Improvements - 2008-2012Kennedy Cap - 2016-2020
Cost Estimate:Improvements - $10 millionKennedy Cap - $500 million
Project Description:Build a cap atop the Kennedy to improve
connections between the Central Loop and the West Loop.
Short-term: Traffic calming, landscaping, pedestrian mobility enhancements.
Long-term: Create parkland over the Kennedy between Monroe and Washington.
New urban greenway would improve air quality and reduce noise pollution.
Central Area Action Plan
Lakefront Trail expansion
Gateway Harbor
Chicago Riverfront System
Waterfront Projects
Central Area Action Plan
Lakefront Trail ExpansionCity Role:Involves CDOT, DZLUP, DCD, CPDTimeframe: 2012-2016Cost Estimate: $177 million
Project Description: Expand the Lakefront Trail lakeward between North Ave. and Navy Pier by up to 200 feet.
Introduce landscaping to create parkland and expanded pedestrian and bicycle paths.
This project should be undertaken in conjunction with North Lake Shore Drive improvements at the Oak St. curve and at Chicago Ave.
Central Area Action Plan
Gateway Harbor
City Role: Lead by CPDTimeframe: 2008-2012Cost Estimate: $30 million
Project Description: Build new boat marina
and amenities connecting “Dime Pier” to
the Navy Pier Headlands.
Also explore feasibility of establishing direct
boat access to Navy Pier at river level by
relocating a wall segment northwest of the
Chicago Locks.
Central Area Action Plan
Main Branch Riverfront
City Role: Involves MWRD, CDOT, DZLUP, DCD
Timeframe:Phase 1 - 2008-2011 Phase 2 - 2012-2016
Cost Estimate: $92 millionProject Description: Create a continuous
multi-level Riverwalk along the north side of the Chicago River with under-bridge connections at Michigan Ave. and Lake Shore Drive to DuSable Park. Establish clearly identified on-street connections west of Michigan Ave and east of Wells Street ($12 million).
Develop a dock level Riverwalk along the south side of the Chicago River with under bridge and vertical connections for continuous water access. ($80 million).
Lake Shore Drive to Franklin
Central Area Action Plan
City Role: Involves CDWM, CDOT, DZLUP, DCD
Timeframe: 2012-2016 Cost Estimate: $75 million
Project Description: Develop the North Branch Riverfront with:ADA-accessible boatyard Off-river connection from Kinzie ParkUnder-bridge connection to Wolf Point A street level park south of Riverbend for future development
Create a river level trail on the east side of the river to connect lower level walks
Develop Riverwalk north of River Village to the North Ave. Turning Basin
Improve river access at the east bank between North and Division
Landscape west bank from Grand Ave. to North Ave
North Branch RiverfrontLake to Halsted
Central Area Action Plan
City Role: Involves CDWM, CDOT, DZLUP, DCD
Timeframe: 2012-2016 Cost Estimate: $15 million
Project Description: Develop a multi-component Riverwalk on the South Branch in the West Loop and Central Loop.
Includes a contiguous street level Riverwalk with improved connections and access to large plazas, and a dock level Riverwalk on the east bank. Will also include adjacent green space and vertical connection near Van Buren St.
South BranchRiverfrontLake to Harrison
Central Area Action Plan
City Role: Involves CDWM, CDOT, DZLUP, DCDTimeframe: 2016-2020Cost Estimate: $75 million
Project Description: Develop a multi-component Riverwalk on the South Branch in South West Loop, River South, and Chinatown .
Connection to River City Vertical connection at Harrison St. New pedestrian and vehicular crossings Underbridge connections at Roosevelt and
18th St.Public park in future Franklin Point
developmentOn-street connections near Ping Tom Park to
future Riverwalk development at East Canal Origins Park
Landscaping on west riverbank
South BranchRiverfrontHarrison to Stewart
Central Area Action Plan
DuSable Park
Ping Tom Park Phase 2Queen’s Landing
Northerly Island
Grant Park Railscape
Open Space Projects
Central Area Action Plan
Queen’s Landing
City Role: CDOT LeadTimeframe: 2008-2012Cost Estimate: $500,000
Project Description: Improve pedestrian access between Buckingham Fountain in Grant Park and the cross-Lake Shore Drive lakefront.
This a key component of the Grant Park Framework Plan and includes improved crosswalks and signage.
Queen’s Landing is the spot at which Queen Elizabeth II came ashore during her 1959 visit.
Central Area Action Plan
Northerly IslandCity Role: CPD leadTimeframe: 2008-2012Cost Estimate: $75 million
Project Description: Create a state-of-
the-art park with sustainable
design principles to serve as an
outdoor conservation museum.
Central Area Action Plan
Grant Park Railscape
City Role: Involves RTA, Metra, DZLUP, DCD, CPD
Timeframe: 2012-2016Cost Estimate: $32.6 million
Project Description: Screen the railroad tracks throughout Grant Park and south to Museum Place.
The appearance of the existing open railroad trench could be improved by a “green screen” over the tracks.
Explore potential to reduce the former rail service yard area generally known as the pennant lot (as depicted in red) to add park land.
Central Area Action Plan
DuSable ParkCity Role: Involves CPD, CDOT, DZLUP,
DCDTimeframe: 2008-2012 Cost Estimate: $17 million
Project Description: Develop a public park
at the inlet of the Chicago River at
Lake Michigan to commemorate
Chicago’s founding pioneer.
This park will be build through a public-
private partnership with the developer
of The Spire.
Central Area Action Plan
Ping Tom Park Phase II
City Role: Involves CPD, DZLUP, CDOT, Canadian National Railroad
Timeframe: Various phases 2008-2016Cost Estimate: $38 million
Project Description: Develop Phase 2 of Ping Tom Park.
In 2002, the Chicago Park District acquired 5
acres to expand the park to the
northeast. A former industrial site, the
land will be cleaned up and redeveloped
into a spacious community park with ball
and soccer fields, a field house, and a
swimming pool.
Central Area Action Plan
Cost & Phasing
Central Area Action Plan
Grand Total
Transportation = $14.24 BillionUrban Design = $1.31 Billion
Grand Total = $15.55 Billion
Central Area Action Plan
Phased Investment2008-2012
Transportation = $5,926,000,000Urban Design = $ 281,100,000
Total = $6,207,100,000
2012-2016Transportation = $4,765,000,000
Urban Design = $ 443,000,000
Total = $5,208,000,000
2016-2020Transportation = $3,550,000,000
Urban Design = $ 585,000,000
Total = $4,135,000,000
Cost (in 2007 $)
Central Area Action Plan
2008-2012 Transportation
$750,000,000CREATE Program (initial)
$536,000,000Metra UP-W Upgrades
$5,926,000,000Subtotal
$60,000,000Union Station Capacity/Facility UpgradeConnections$1,500,000,000Airport Rail Express ServiceNational/International
$1,000,000West Loop Bicycle StationAlternative Modes$30,000,000Wells-Wentworth Connector (Phase I)
$350,000,000Wacker Drive Reconstruction (Phase II)Traffic Circulation$30,000,000Union Station Access/Intermodal UpgradePedestrian
Environment
$419,000,000Metra UP-NW Extension & Upgrades
$1,500,000,000CTA Signal & Capacity Upgrade Regional Transit Capacity
$10,000,000Transit/Passenger Information Systems
$60,000,000CTA Infill Station (Morgan - Green/Pink)
$60,000,000Clinton Street Transitway
$260,000,000Carroll Avenue Transitway
$360,000,000CTA Station Modernization (4 Stations)Central Area Transit Cost (in 2007 $)
Central Area Action Plan
2008-2012 Urban Design
$46,000,000Main Branch Riverfront (Phase I)Waterfront$30,000,000Gateway Harbor
$250,000Chicago River Management Entity
$19,000,000Congress ParkwayUrban Design$19,000,000Grand & Illinois
$10,000,000Kennedy Corridor Enhancements
$8,750,000East Randolph
$600,000Lighting Enhancements (Michigan, Congress & Wacker)
$281,100,000Subtotal$500,000Pedestrian Connection at Queen’s Landing
$17,000,000DuSable Park
$20,000,000Ping Tom Phase II (Site Dev./Railway Underpass)
$35,000,000Grant Park Improvements North
$75,000,000Northerly Island Park ImprovementsOpen Space
Cost (in 2007 $)
Central Area Action Plan
2012-2016 Transportation
$4,765,000,000Subtotal
$15,000,000Wells-Wentworth Connector (Phase II)
$50,000,000South Branch Bridge at Taylor Street
$200,000,000North Lake Shore Drive ImprovementsTraffic Circulation
$750,000,000CREATE Program (Completion)Regional Transit Capacity
$10,000,000Transit/Passenger Information Systems
$60,000,000CTA Infill Station (Division - Brown/Purple)
$60,000,000CTA Infill Station (Cermak - Green)
$150,000,000Lakefront Transitway
$200,000,000East-West Transitway
$270,000,000CTA Station Modernization (3 Stations)
$1,000,000,000Clinton Subway (Phase I)
$2,000,000,000West Loop Transportation Center Central Area Transit
Cost (in 2007 $)
Central Area Action Plan
2012-2016 Urban Design
$177,000,000Lakefront Trail ExpansionWaterfront
$75,000,000North Branch Riverfront (River North)
$46,000,000Main Branch Riverfront (Phase II)
$15,000,000South Branch Riverfront (Downtown)
$33,000,000West Loop/Union Station Area StreetscapeUrban Design
$21,000,000Division Streetscape
$400,000Lighting Enhancements (LaSalle & Randolph)
$443,000,000Subtotal
$7,500,000Central Station Area Railscape
$7,900,000Grant Park Central Railscape
$17,200,000Grant Park South Railscape
$18,000,000Ping Tom Phase II (Multi-Purpose Center/Boathouse)
$25,000,000Lakefront Trail BridgeOpen Space
Cost (in 2007 $)
Central Area Action Plan
2016-2020 Transportation
$2,350,000,000Subtotal
$50,000,000South Branch Bridge at 16th or Polk Street Traffic Circulation
$60,000,000Pedestrian Bridges over River (Streeterville, W. Loop)
Pedestrian Environment
$60,000,000CTA Infill Station (Clark/18th - Orange)
$180,000,000CTA Station Modernization (2 Stations)
$2,000,000,000Clinton Subway (Phase II)Central Area Transit
Cost (in 2007 $)
Central Area Action Plan
2016-2020 Urban Design
$75,000,000South Branch Riverfront (River South)Waterfront$500,000,000Kennedy CapUrban Design
$585,000,000Subtotal$10,000,000Fort Dearborn ParkOpen Space
Cost (in 2007 $)
Central Area Action Plan
Regional Supporting Transit Projects
(2008 – 2020)
$3,000,000,000CTA Circle Line Construction
$6,250,000,000Subtotal
$1,100,000,000Metra Star Line Construction2016-2020
$300,000,000$1,000,000,000
$300,000,000$550,000,000
CTA Orange Line ExtensionCTA Red Line ExtensionCTA Yellow Line ExtensionMetra South East Line Service Development
2012-2016
Cost (in 2007 $)Phase Project
Central Area Action Plan
2007 Capital Budget ProgramsSelected Programs
Neighborhood Infrastructure$113,437,563
Transportation$180,788,815
CitySpace$14,892,555
Economic Development$113,984,623
Total capital budget was $2.0 billion in 2007Selected programs compose ¼ of total, or $423
million
Source: City of Chicago
$181 M
$15 M
$114 M
$113 M
Central Area Action Plan
2007 Capital Budget Funding Sources
Funding Sources for CitySpace, Economic Development, Neighborhood Infrastructure and Transportation
Programs
Federal Funds$112 732 000Other
G.O. Bonds$184,684,961
43%
TIF$34,415,329
8%
State Funds$78,478,000
19%
Source: City of Chicago
Central Area Action Plan
Transit Capital Funding SourcesUnited States Top 50 Transit Agencies
Local sources53%Federal
government35%
State government12%
Other sources<1%
Source: RTA, Moving Beyond Congestion
Central Area Action Plan
Funding Strategy Recommendations
Target TIF funds for major capital projects
Bond against future TIF revenues when possible
Consider special area funding mechanisms
Central Area Action Plan
Federal Transportation FundsFederal Economic Stimulus FundsState Capital ProgramPrivate Investment – CREATE, Corporate DonationsPublic-Private PartnershipsGeneral Obligation Bonding
Potential Funding Sources
Central Area Action Plan
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