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Quick Hit
by Brandon Campbell
Fri Jun 8, 2012

CTA Riders Protest 'Toxic' Bank Deals

Dozens of community activists and angry CTA riders protested bank deals which they claim take money from transit agencies in the lobby of a Chase Bank at 10 S. Dearborn St. Thursday morning.

Pointing to a report released this week titled “Riding the Gravy Train,” which details “toxic swap deals” between Wall Street banks and 12 state governments, the group said nationally taxpayers are losing more than $520 million a year.

That’s money that could be used to stop public transit service cuts or pay for infrastructure repairs, the protesters argued.

Read more »

Quick Hit
by Matthew Blake
Tue Jun 5, 2012

Outside Help Needed For Next Steps On Red Line

The dramatic Chicago Transit Authority announcement yesterday that it would suspend service on all its South Side Chicago Red Line train stations for five months next year could hold a crucial silver lining: CTA may be putting its ducks in a row to extend the Red Line to 130th St.

However, any Red Line extension necessitates either federal funds that are currently not forthcoming, a major private investment, or a combination thereof. Read more »

PI Original
by Matthew Blake
Tue Apr 24, 2012

Emanuel's Infrastructure Trust Passes Council Vote Despite Continued Concerns (VIDEO)

The Chicago City Council passed 41-7 today Mayor Rahm Emanuel’s controversial “Infrastructure Trust” public-private partnership, arguably Emanuel’s most significant proposal in his one year as mayor.

Quick Hit
by Matthew Blake
Wed Apr 18, 2012

Emanuel Infrastructure Trust Vote Postponed, But Opponents Not Celebrating

Ald. Edward Burke (14th), chairman of the Chicago City Council Finance Committee, deferred a full City Council vote today on Mayor Rahm Emanuel’s Infrastructure Trust public-private partnership plan, arguably the most consequential and controversial proposal of Emanuel’s brief time as mayor thus far. Burke delayed the vote amid speculation that Trust opponents might use a parliamentary maneuver to table the measure.

However, the City Council is anticipated to hold a special session next Tuesday, April 24 to vote on the measure, much to the chagrin of ordinance opponent Ald. Scott Waguespack (32nd). Read more »

Quick Hit
by Matthew Blake
Wed Apr 18, 2012

Chicago Speed Camera Bill Passes Council Vote

The Chicago City Council passed 33-14 today a proposal to install automated speed cameras near schools and parks, with aldermen portraying the once hotly contested measure in the same manner in which Mayor Rahm Emanuel has: A simple way to enhance children’s safety. Read more »