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Mayor Richard M. Daley today released the City’s $1.8 billion Capital Improvement Program (CIP) for 2010, which includes a broad range of projects such as water and sewer improvements, street resurfacing, streetscapes, street lighting, sidewalk, curb and gutter repairs, airport improvements and the ongoing construction of new municipal facilities.
The City’s five-year CIP plan for 2010-2014 totals more than $8.5 billion.
“One of the most critical parts of our long-term economic development strategy is continuing to make the capital improvements that strengthen infrastructure in every neighborhood so that we lay the foundation for creating new opportunity,” Daley said in a news conference held at the Lawrence Avenue viaduct over the Kennedy Expressway, which is being reconstructed as part of the CIP.
“If you let a city’s infrastructure deteriorate, it hurts every resident, damages the local economy and makes us less able to compete globally,” he said.
City funds, which include bond funds, enterprise funds and Tax Increment Financing (TIF) funds, account for 71.14 percent ($1.3 billion) of the 2010 program funding. Federal sources will finance 24.3 percent ($458.8 million) and the remainder comes from state funds ($71.7 million) and other public and private funds ($14.3 million).
"These improvements will strengthen our infrastructure and provide jobs and economic opportunity for the businesses and workers who will carry out the projects,” Daley said.
Infrastructure projects in the 2010 CIP include:
- Reconstructing 12 miles of sewers and lining and rehabilitating an additional 40 miles;
- Resurfacing more than 500 blocks of local streets;
- Constructing 30 blocks of alleys and resurfacing 70 more;
- Replacing more than 120 blocks of sidewalks;
- Installing 100 blocks of new residential street lighting;
- Beginning or continuing construction of several major bridges: Wacker Drive at the Congress Interchange; Laramie Avenue Viaduct at Polk Street; Halsted Street over North Branch Canal and Lawrence Avenue over the Kennedy Expressway;
- Installing new or upgraded traffic signals at 35 intersections;
- Continued construction of West Humboldt Park, Greater Grand Crossing, Little Village and Dunning Branch Libraries; and
- Completing construction of the 23rd District Police Station and extensive rehabilitation of Area 2, District 5 headquarters.
The CIP also continues the City’s commitment to the Chicago Housing Authority’s (CHA) Plan for Transformation by funding design and construction for redevelopment areas of the Chicago Housing Authority.
It will continue the shoreline protection project as well as the Campus Parks program, which creates open spaces next to Chicago Public Schools.
Neighborhood capital improvement bonds also will fund the Residential Lighting program and the Aldermanic Menu Program, now in its 15th year, which will provide $1.32 million per ward in 2010.
The five-year 2010-2014 CIP features approximately $4.2 billion for improvements at both O'Hare and Midway International airports, most of which will go towards the O’Hare Modernization Program, which will be completed by 2014. This funding will be generated by revenue bonds, passenger facility charges and Federal Airport Development Aid.
When fully implemented, a modernized O’Hare Airport will more efficiently move people and goods, create additional growth opportunities for area businesses, and create new jobs throughout the region.
Daley said that the City will continue to invest in new community anchors throughout the city.
- By the end of this year, the City will have opened a new library, police station, two beach houses, 25 new playgrounds, and will invest $14 million for ADA accessibility park improvements.
- Major improvements will also have been made system-wide on CTA stations like the Brown Line, new signal and train control system to improve the reliability of service as well as thousands of security cameras.
- By the end of 2011, Chicago will have opened eight new schools, completed four major school additions and four major school renovations.
The CIP is the result of a year-long planning process by the Office of Budget and Management. The Office works closely with members of the Chicago City Council, residents, City departments, community groups and the City's Capital Improvement Advisory Committee to develop the annual priorities for the CIP.
“Community investments such as the ones included in this plan help generate a continuous cycle of neighborhood renewal and our commitment to do that remains as strong as ever,” he said.
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