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Chicago Transit Authority
Quick Hit
by Brandon Campbell
1:19pm
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.

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Quick Hit
by Matthew Blake
1:45pm
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 »

Quick Hit
by Progress Illinois
6:58pm
Mon Apr 23, 2012

Op-Ed: The Trust Is Bust

The following is from Grassroots Collaborative, a coalition of 11 membership-based organizations in Illinois.

Mayor Emanuel insists on moving forward with the Chicago Infrastructure Trust ordinance, despite widespread questions around equity, transparency, and accountability.  

Gaper’s Block wrote about the Sunlight Foundation, who states that “transparency and openness are the very foundations for public trust; without the former the latter cannot survive.”

Without transparency, there is no Trust.  Pretty straightforward.  So why does Emanuel insist on bulldozing this through?

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