CTA to halt over-budget station
Chicago Transit Authority officials Wednesday finally conceded that the "superstation" under construction beneath Block 37 in the Loop is way over budget - "in excess of $100 million" - and announced that the half-completed facility will be indefinitely mothballed while they search for a private partner to finance its completion.
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That means the city, CTA and Joseph Freed & Associates, which is developing a mixed-use project over the superstation basement, will have spent about $250 million on what so far is an unusable, half-finished facility that was supposed to anchor express train service to O'Hare and Midway airports and funnel commuters to retail outlets upstairs.
There are days I'm embarrassed to be a Chicagoan.
