Part of a $1 Billion Overhaul
46th Ward Alderman Cappleman sent out this press release earlier today:
April 27, 2012 (CHICAGO) – 46th Ward Alderman James Cappleman commends Senator Durbin, Congresswoman Schakowsky, Congressman Quigley, Governor Quinn, and Mayor Emanuel as they announced today that the Sheridan station is slated to receive approximately $17 million for major renovations.
Alderman Cappleman stated, “The key to any thriving urban neighborhood is safe, clean reliable public transit. With the Sheridan Red Line station renovations, we’ll increase public safety, create a more attractable area for economic development, and reduce the number of cars on our crowded streets. Additionally, this plan will bring many needed jobs to Chicago.” He added, “The Sheridan Redline Stop is one of the northern stations that has needed improvements for a long time. These renovations will help residents, business owners and Cubs fans alike.”
The Sheridan Station renovation is a part of a $1 billion overhaul that includes federal, state and local funding sources for the Red Line from its northern end to the 95th Street station. The complete reconstruction of the Wilson station and upgrades to the Lawrence stop are a part of this investment, which includes several individual projects to improve stations, tracks, viaducts, and power and runs from this year to 2015 that includes federal, state and local funding sources.
The funding breakdown for the $1 billion overhaul is:
$702 million in State funds from the Illinois Jobs Now program
$256 million in federal funds
$44 million in local CTA and City funds
46th Ward Office Address 4544 N Broadway, Chicago, IL 60640