Press Detail

Chicago, short of money, turns to private sector

Posted on March 30, 2012

Reuters

This article reports that the City of Chicago’s recently announced $7.2 billion infrastructure plan will be funded in part by the Chicago Infrastructure Trust which will be financed by savings from retrofits and future user fees. The Civic Federation said the City cannot rely on State infrastructure funding during Illinois’ fiscal crisis, and is wise to identify alternate sources of funding.