About $20 million in all, the grants will go to improvements to the CTA and the city's first bikeshare program. This is just one of 46 projects nationwide getting funding this round from the U.S. Department of Transportation.
"The $16 million in the federal Tiger III economic stimulus funds for the CTA will be spent to eliminate slow zones on Blue Line track between Damen Avenue and Logan Square, officials said.
The grant will not cover all of the project's $32 million cost, but the transit agency plans to use part of an operating budget surplus this year - totaling $46.4 million through October - to pay for the slow zone repairs, CTA President Forrest Claypool said.
'We'll scramble to try to find a way to leverage (the grant money) and actually complete the project in a timely way' in 2013, Claypool said."
FULL STORY: Emanuel, Quinn hope bicycles fill the missing link in mass transit
Chicago Rail Extension Gains New Federal Funding
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