CTA considering public-private partnership for expansion - Los Angeles Local News | FOX 11 LA KTTV

CTA considering public-private partnership for expansion

Posted: Updated:
CHICAGO (FOX 32 News) -

An expansion of the CTA Red Line may end up being a public-private partnership. Goldman Sachs has been hired by the transit authority to explore the possibility.

A public-private partnership means private contractors would be hired to design, build and bankroll the project, but the CTA would still operate the completed product.

The expansion to 130th Street would likely cost around $1.5 billion, but the CTA hasn't figured out to pay for it.

Share Your Photos & Video

Powered by WorldNow

KTTV FOX 11
1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices