President Joe Biden’s proposed budget for 2024 includes $350 million that would finally get the extension of the CTA’s Red Line from 95th Street to the city’s southern border near 130th Street off the drawing board.
The inclusion of federal funds for the long-stalled rail line extension in Biden’s proposed budget comes several months after Mayor Lori Lightfoot created a new tax-increment financing district along the southern branch of the CTA Red Line to generate $959 million for the project first proposed by former Mayor Richard J. Daley in the 1950s.
U.S. Sens. Dick Durbin, D-Illinois, and Tammy Duckworth, D-Illinois, said they would work to ensure the project is included in the budget approved by the U.S. House and Senate and signed into law by the president. “This funding is vital in ensuring this transformative project continues on its path toward reality,” Carter said in a statement released by Durbin and Duckworth's offices
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