Chicago Transit Authority (CTA)

Red Line Extension FTA Financial Plan

InfraStrategies is supporting CTA with financial planning support services for ​the Red Line Extension (RLE) Project, a proposed 5-mile extension of the Red ​Line south to 130th Street. The team is currently leading the development of ​the financial plan and supporting documentation for the $3.6 billion Red Line ​Extension (RLE) Project. InfraStrategies team members previously supported ​the CTA with a similar scope of work to advance the CTA Red and Purple ​Modernization Line through to a successful FTA Core Capacity grant in ​January 2017. The $2 billion project had a similar financial strategy to the RLE ​project, including a combination of FTA funds (Core Capacity and formula ​funds), Federal Highway Administration Funds (CMAQ), sales tax revenue ​bonds, and a TIFIA loan backed by the implementation of a Tax Increment ​Finance (TIF) District along the corridor.

The RLE Project entered the New Starts Project Development phase in ​December 2020. In 2023, following the approval of the RLE Transit TIF by the ​City of Chicago, RLE entered into the Engineering phase of the New Starts ​program, locking in nearly $2.0 billion in future New Starts funding.

Key Staff

Sophie Guiny

Sharon Greene

Key Service Areas

Previous
Previous

North Central Texas Council of Governments Transit 2.0

Next
Next

Gwinnett County Transit (Ride Gwinnett)