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Chicago Infrastructure
Quick Hit
by Ellyn Fortino
12:03pm
Thu Apr 4

State Coalition Hosts Talk On Reversing The Chicago River

Illinois’ Healthy Water Solutions Coalition has a vision for Chicago’s future.

It includes revitalizing the Chicago River via restoring the natural divide between the Great Lakes and Mississippi River Basins.

Physical separation of the basins and Lake Michigan is the only permanent solution to prevent invasive species from transferring through the Chicago waterways, members of the coalition said at it’s public “Changing Course: Revitalizing the Chicago River” talk Wednesday night. The meeting was set to get more people engaged with the issue.

“This is about a lot more than Asian carp,” said Tim Eder, executive director of the Great Lakes Commission. “This is about more than just one fish that threatens Lake Michigan. It’s about a number of different invasive species ... but it’s also about more than fish, and the ecosystem, and the lake. It’s about restoring and utilizing a precious resource that in many ways the city has turned its back on.”

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PI Original
by Matthew Blake
5:52pm
Fri Jan 18

No Movement On Chicago Infrastructure Trust, Yet

Proposed by Mayor Rahm Emanuel last March and approved by the Chicago City Council in April, the Infrastructure Trust outlined a way to finance infrastructure projects in the city during a time of prolonged federal and state budget crises and near absolute political aversion to tax increases. Its polarizing central concept of private companies investing in public infrastructure and then receiving some undefined return on their investment was alternately seen as a revolutionary way to improve Chicago and a nefarious step towards private investors opaquely dictating public policy. We take a look at what has come of the controversial Trust thus far.

Quick Hit
by Brandon Campbell
9:08am
Wed Aug 29, 2012

Environmentalists Warn Private Investors Could Hike Illinois Water Fees

Local residents could begin to feel a financial pinch at the kitchen sink as more private investment firms take aim at public water utilities.

That’s according to a new report from a citizen’s advocacy group that shows some major financial players, like JPMorgan Chase, Australian bank Macquarie and the Carlyle Group, are taking advantage of the public sector’s slow recovery from the recent recession by buying up public utilities.

Emily Carroll, Midwest regional director at Food & Water Watch, said Chicago’s water infrastructure system isn’t “at risk of being sold, per se.” But Carroll warned that Mayor Rahm Emanuel’s controversial Infrastructure Trust will smooth the path towards public-private ownership of some Chicago utilities. Read more »

Quick Hit
by Matthew Blake
4:49pm
Tue Jul 24, 2012

Board Takes First Step Toward Cook County Land Bank

The Cook County Board passed a resolution today setting up a committee that has 60 days to devise a model for a county land bank, an ambitious proposal that board President Toni Preckwinkle called a “critical tool to help combat the foreclosure crisis and eradicate blight in our communities.”

As we have reported, a land bank is a quasi-governmental organization intended to seize and manage properties until they can be put into productive use. Read more »

Quick Hit
by Matthew Blake
10:52am
Thu Jun 28, 2012

Advocacy Group Wants Infrastructure Trust Used For Vacant Properties

The Infrastructure Trust ordinance, a plan where private investors will fund public infrastructure, passed City Council over two months ago, but the city has not identified Trust projects, besides an initial plan to retrofit municipal buildings.

So the Chicago advocacy group Action Now, which previously opposed the Trust, unveiled their own detailed proposal yesterday, calling for the Trust and developers to turn vacant city properties into affordable rental homes. Read more »

Quick Hit
by Matthew Blake
3:22pm
Mon Jun 11, 2012

Infrastructure Trust Names Board Members, Not Projects

Chicago Mayor Rahm Emanuel announced today his picks for the five-member board of the Infrastructure Trust, a plan to use private money to finance public projects that passed the City Council in April. The council, which next meets June 27, must approve each choice.

But the mayor has still not identified Trust projects, except a plan where private investors would use $225 million to make some city buildings more energy efficient. Emanuel spokesman Tom Alexander said in an interview last week that, currently, there are no additional projects on the table. Read more »

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 »