An answer today from the City of Chicago to the question, "Where will I see the stimulus money in my life?"
There's a bit of an answer from the City of Chicago to the question, "Where will I see the stimulus money in my life?"
Mayor Richard Daley on Monday said the city expects to receive a billion dollars in federal recovery money, and that those funds will enable a variety of projects which were already on the books, but which in some cases, were in limbo because funding sources had not been determined.
Among the projects the city expects to fund with the federal recovery dollars:
- Runway and taxiway work at O'Hare.
- Rehab work on 900 CHA units
- Replacement of 7 miles of Blue Line track to eliminate slow zones, an $88 million project.
- 58 new hybrid articulated buses.
The city has also applied for grants under the program, which, if approved, will fund over $6 million upgrading streetlights, $5 million for residential energy efficiency, and $7 million for LED traffic signals at 800 intersections.
The city is also seeking $106 million in grants to hire 400 new police recruits.
Another $47 million in grants would fund improvements in port security, water main upgrades, and other infrastructure projects.
"The key element of the federal economic stimulus plan, of course, is that is designed to be implemented as soon as possible," Daley said.