Community-driven development centered around future CTA stations. That’s the idea behind a new “transit-supportive development” plan to revitalize South Side neighborhoods that are part of the proposed Red Line extension to 130th Street.
The CTA’s Board of Directors approved a $1.8 billion operating budget for 2023, a plan that doesn’t include fare increases for passengers. But with ridership still down from pre-pandemic levels, the budget relies on nearly $400 million in federal stimulus money to make up for lost fare revenue.
Despite thousands of daily passengers, the CTA’s parking availability pales in comparison to other major cities.
Due to the lack of CTA-provided parking options, South Side commuters are often forced to park on streets, sometimes illegally, risking a ticket or a tow. If they choose to drive the entire commute, they’ll face a packed Dan Ryan Expressway and expensive downtown parking.
The southbound Red Line is down for the next five months. CTA President Forrest Claypool joins us to explain this massive revitalization project, and lays out his vision for the future of Chicago transit.