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Wednesday, January 16, 2013

CTA approved to borrow an additional $1 billion

Cta-logo---flattranspThe Regional Transportation Authority gave the go-ahead today to a plan by the CTA to borrow $1 billion for improvements over the next five years.

After several weeks of discussions, RTA officials said they got assurances late Tuesday that the CTA has the financing to pay off the sales tax bonds.

RTA officials had balked at approving the bond sale, fearing Metra and Pace might be on the hook for the debt if the CTA could not meet its obligations. ...More HERE

Wednesday, January 16, 2013 at 01:00 PM |

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