CTA, Administration Officials Detail Transit TIFs & Funding Plan for Red and Purple Line Modernization Project

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As the city rushes to establish a matching local revenue source to receive a nearly $1 billion federal grant by the end of the year, administration officials briefed aldermen on the City Council’s Finance Committee on the financing plan for the first phase of the Chicago Transit Authority’s (CTA) Red and Purple Line Modernization (RPM) Plan.

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