Today’s Headlines

  • Fixing Lakeview ‘L’ Bottleneck May Require Razing 16 Buildings (Tribune, Sun-Times)
  • Eye-Popping Bloomingdale Bridge Transplant Takes Place Saturday Morning (DNA)
  • A List of Active Trans‘ Favorite ITEP-Funded Projects — Suburban Divvy Didn’t Make Cut
  • RTA May Get More Revebue as Kankakee Ceases to Be a Corporate Tax Haven (Crain’s)
  • Rahm Defends Claypool’s Hiring Two Men Accused of Patronage at County (Tribune)
  • CPD Adding More Bike Patrols in High-Crime Areas (ABC)
  • Kass (Yes, Kass): IL Law Against Texting While Driving Is Too Lenient (Tribune)
  • Using Divvy Instead of CTA Part of Man’s Strategy to Spend No Money in May (DNA)
  • Postcards From Bike-Friendly Germany (Chicargobike)
  • Put a Bell on It: Beyonce Gives Shoutout to Heritage Bikes (DNA)

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  • duppie

    Like the word play on the Beyonce shout-out.

  • 2_Hot-2=handel

    $320 million for the Brown Line bypass? I know its the government and all, but even so, this seems excessive. There will be most likely be some VERY generous subcontracts being handed out.

  • duppie

    Do you have any facts around that statement, or is this just your opinion?

  • 2_Hot-2=handel

    Maybe you have become jaded by the high costs of other CTA projects, like $200+ million for 1 station (Wilson). You can build a 50,000 seat + football stadium for the same amount.

    I don’t have any hard evidence, just some thoughts. If you give each of the 16 building owners $2 million, it is going to cost $288 million more for the actual short span of elevated tracks. The entire south side Red Line rebuild was $425 million! While sure the tracks are not elevated, it was a much bigger project for only 33% more of the overall costs of this project.

  • Fred

    You should start a construction company and bid on this project. These are lowest bidder jobs, right? Be the hero that saved the city $100m!

  • Kevin M

    What makes you think the average property price for the 16 properties that need to be purchased is $2M?

  • 2_Hot-2=handel

    They are likely worth less, but eminent domain payouts and lawyers. Either way, it was an intentional overestimate.

  • 2_Hot-2=handel

    You should grow a money tree, since you “yes sir” every wild project cost.

  • Kevin M

    What makes you think they are likely worth less? Can you cite some recent relevant property purchase prices?

  • 2_Hot-2=handel

    not a whole lot to go on for recent sales

    http://www.zillow.com/homes/recently_sold/Chicago-IL/17426_rid/500000-_price/1960-_mp/days_sort/41.944581,-87.649629,41.938572,-87.659349_rect/16_zm/

    but zillow estimates (FWIW) have most well below $2 million.

  • Fred

    The feds have a money tree… http://www.moneyfactory.gov/‎

  • Kevin M

    Most of those prices on zillow.com are for individual units (condos). These residential buildings are multi-unit. Multiply those figures by 2, 4, 6, or more and you’ll begin to see that these properties may actually average out to around $2M (or even more).

  • rohmen

    I think it’s not a stretch to say this will likely get ugly. Eminent domain in this day and age is a tricky, time consuming process that will add a potentially huge unknown cost factor to this project.

    Looking at comps in the area is an okay start, but the landowners will be well aware of how necessary their land is to get this project done, and will almost certainly push for a figure at the top of market projections rather than just take the City’s first offer.

    The landowners can make it a pretty expensive process if full judicial intervention is necessary to resolve the amount paid in relation to the taking is required.

  • Um. They have to buy buildings, tear them down, prepare the land under the buildings after hauling away all the rubble and mitigating any problems they find, engineer and build significant length of new track?

    Sounds like a lot of money to me. The Wilson station rehab is a far less involved project.

  • david vartanoff

    Yes, there will be a corruption and incompetence tax in this project. Not news–the purpose of government is to extort (tax) from the working stiffs in order to give it to the bribing elites. Seriously, we know much will be stolen/squandered, but better to upgrade the L than widen some dumb highway.