Opinion: The Red Line extension costs too much and does too little – Crain’s*

CTA red line At $3.6 billion, the Chicago Transit Authority’s Red Line extension to 130th Street will be, on a cost-per-ride basis, one of the most expensive rail transit projects in the world. It will siphon hundreds of millions of tax dollars out of Bronzeville, one of Chicago’s most promising majority Black neighborhoods. Ridership is likely to be much less than projected…..Still, there’s little choice but to proceed. The project is politically popular—I had difficulty getting anyone to comment about it on the record, although many acknowledged misgivings privately. It’s too late

Read More »

Companies don’t put their marginal investments in places that are shrinking, that’s partly why Illinois has seen no new net jobs in over two decades – Wirepoints on AM 560 Chicago’s Morning Answer

Ted was on Chicago’s Morning Answer with Dan and Amy to talk about why Illinois’ $38 billion in education spending produces such poor results, why Illinois hasn’t created any net new jobs in over 20 years, the low chance of lawmakers fixing the worst aspects of the SAFE-T Act, and what to expect from union negotiations now that Amendment 1 is in effect.

Read More »

Three Chicago residents hopeful about guaranteed income pilots though future remains uncertain – Chicago Sun-Times

There are 5,000 Chicago residents who for the past four months have received $500 a month as part of a one-year program known as Chicago Resilient Communities Pilot. Some Chicago residents will also be part of the Cook County Promise Guaranteed Income Pilot, which recently selected the 3,250 participants via lottery who will receive $500 for two years. Both pilots, which are separate, are funded through the federal American Rescue Plan Act, and academic researchers are closely monitoring the programs.

Read More »