1/28 - APA-CMS Jan. Program - Rebuilding Illinois: Transportation Funding & Value Capture (CM | 1.5)
Updated: Jan 27, 2020
With the passage of Rebuild Illinois, the state’s first “comprehensive, multi-year capital plan since 2009,” Illinois is poised to spend $3.3 billion over the next six years. The RTA and its three service boards — the CTA, Metra and Pace — are slated to receive over $2.7 billion alone. This cash infusion will provide the three agencies with resources they need to continue bringing their systems into a state of good repair, while also providing the necessary financial infrastructure to expand their service operations. Nevertheless, resources for maintaining, improving and expanding transportation infrastructure continue to be sorely limited, and agencies are finding creative ways to fund important transportation improvements across the region.
Join the APA-IL Chicago Metro Section (APA-CMS) and Transport Chicago for a discussion on this new piece of legislation, the state of public funding for transit and innovative transit-funding mechanisms that are being used to supplement public resources. Through local and state cooperation, the CTA was able to secure over $1 billion in federal money through the establishment of a Transit-TIF District—hear about how this was accomplished and the work that these funds are supporting. Similarly, hear about proposed funding strategies and multi-jurisdictional governance structures that are currently being explored as a means to fund and implement future improvements along the Metra North Central Service Corridor (NCS).
Tuesday, January 28, 2020
5:30 PM – 7:30 PM CST
Chicago Transit Authority Headquarters, 567 W Lake Street, 2nd Floor Conference Room, Chicago, IL 60661
CM: 1.5 CM Credits (approved 1-27-2020)
For program questions, please email: email@example.com