Work has begun on the first new Chicago Transit Authority elevated station to be built in roughly 10 years.
The new station -- located on the Green and Pink lines at Lake and Morgan -- will serve the growing West Loop area, situated between the existing Ashland and Clinton stations.
The project is expected to be complete in mid 2012 and will include about 250 construction jobs, said Mayor Richard Daley.
"You cannot live in the past," he said at a press event at the Wednesday. "You have to put people to work. It's an investment in the future."
The station will cost between $35 and $40 million. Part of the $8 million price tag will be covered by federal funds guaranteed from the Congestion Mitigation and Air Quality Improvement program. The rest of the funds will come from taxes.