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A “Free” Train?

Rahm says it won’t cost a dime, which probably means it’ll saddle the taxpayers with a few billion in bond debt:
  • Mayor Rahm Emanuel is beginning his official search for firms to help turn his vision for a high-speed O’Hare express train from dream to reality. Today, City Hall along with the Chicago Infrastructure Trust will issue a formal Request For Qualifications (RFQ) seeking companies to design, build, finance, operate, and maintain the new service.

    An express link between downtown Chicago and its busiest international airport was first proposed by former Mayor Richard M. Daley in the early 1990s. The concept was more recently revived by Emanuel as a second term objective with the announcement of a feasibility study in early 2016. The results have apparently provided the administration with the confidence to move forward with the FRQ.

    […]

    Though the O’Hare express is expected to cost billions of dollars, the City still insists that it will not rely on any taxpayer-derived funds. It is hoped that ride fares, advertising space, and other “project-specific revenues” will entice a private operator to foot the ten-figure bill.

  • Tech entrepreneur Elon Musk says he’ll get in on the competition to construct an express train service to O’Hare Airport.

    “The Boring Company will compete to fund, build & operate a high-speed Loop connecting Chicago O’Hare Airport to downtown,” Musk tweeted Wednesday night, referring to the company he founded to dig tunnels for underground transit systems.

Musk, who is in charge of Tesla, can’t possibly think he’ll make a profit in the most corrupt of sewers like Chicago. Of course, seeing as how he’s made some sort of money via massive government subsidies for an electric car that can only be powered by a hundred-fold increase in coal-fired power plants (or ten-fold increase in nuclear power plants), he might not be the vulture picking over Chicago’s corpse just yet.

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