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Chicago Transit Authority (CTA)

Red Line Extension Financial Plan for FTA Capital Investment Grant Program

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InfraStrategies is supporting CTA with financial planning support services for the Red Line Extension (RLE) Project, a proposed 5-mile extension of the Red Line south to 130th Street. The team is currently leading the development of the financial plan and supporting documentation for the $2.3 billion Red Line Extension (RLE) Project. The RLE Project entered the New Starts Project Development phase in December 2020. InfraStrategies team members previously supported the CTA with a similar scope of work to advance the CTA Red and Purple Modernization Line through to a successful FTA Core Capacity grant in January 2017. The $2 billion project had a similar financial strategy to the RLE project, including a combination of FTA funds (Core Capacity and formula funds), Federal Highway Administration Funds (CMAQ), sales tax revenue bonds, and a TIFIA loan backed by the implementation of a Tax Increment Finance (TIF) District along the corridor.

Client

Chicago Transit Authority (CTA)

Key Service Areas
Location

Chicago, IL

Key Staff