Mayor Emanuel today announced a $7 billion, three year infrastructure program, Building a New Chicago, which is one of the largest investments in infrastructure in the City’s history. The program will touch nearly every aspect of the city’s infrastructure network and create more than 30,000 jobs over the next three years.
“Whether it is renewing our parks or repairing our pipes, repaving our roads or rebuilding our rails, retrofitting our buildings or revitalizing our bridges, we must restore Chicago’s core,” said Mayor Emanuel. “Our plans are comprehensive because our needs are comprehensive -- because no city in America relies on its infrastructure more than Chicago. While our infrastructure challenges are not unique, our resolve and determination to see them through is. I look forward to rebuilding our city’s infrastructure so we may continue to lead in the 21st century.”
Mayor Emanuel made the announcement at Chicagoland Laborers’ Training and Apprentice Center, in the city’s Austin neighborhood.
Building a New Chicago is one of the most comprehensive infrastructure plans in Chicago’s history, involving an unprecedented level of coordination between City Hall, multiple city departments and sister agencies, private sector utilities, and the public.
The investments will not require increases in taxes. Many of the projects are paid for through reforms, efficiencies, cuts in central offices, direct user fees, and the recently announced Chicago Infrastructure Trust.
The improvements in Building a New Chicago will include:
Building a New Chicago brings a new level of coordination to the City’s capital investment process, maximizing efficiency, stretching scarce resources and minimizing impacts on residents.
The full speech, as prepared for delivery, is attached here.
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