New TIF district is expected to generate about $959 million to help pay for $3.6 billion extension.
A CTA Red Line train departs from the Red Line CTA station at 95th and the Dan Ryan on Aug. 8, 2022.
Dowell, who represents the Bronzeville neighborhood, said she supports the idea of the Red Line extension but balked at the idea that a large chunk of the money would come from tax dollars generated by residents of her ward. She noted the extension would not “directly benefit” them.“Everyone should have skin in the game when paying for the project,” said Dowell, who is a Lightfoot ally on the council and is the mayor’s hand-picked chairperson of the Budget Committee.
Chicago Mayor Lori Lightfoot, U.S. Transportation Secretary Pete Buttigieg and CTA President Dorval Carter tat the CTA 95th/Dan Ryan Red Line Station on July 16, 2021. he warned city and CTA officials that they should be more aggressive with securing funding from Springfield and Washington — “not $959 million coming off the backs of the people of the city of Chicago.”
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