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Originally Posted by Mr Downtown
At least the last time I asked the Related guys, they were not planning to use that existing underpass but to put in a new one on the proper alignment. I breathed a sigh of relief, because previous plans had relied on that old Santa Fe underpass, which points the wrong direction.
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Hmm interesting, Related's site plan still shows an awkward kink there - although Wells-Wentworth is a CDOT project and not Related. I wonder if it's a total rebuild or if they're just knocking out the skewed center pier and putting in a clear span?
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Ardecila, I think the full proceeds of the TIF bonds are available as soon as they're sold. It's the bondholders, not Related, who get paid back from the future property tax increment. (Related may well have bought the bonds themselves; that's become common for developers to do.)
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I read the RDA again and it does contain an estimated timetable - with the exception of Wells-Wentworth which is a direct CDOT project, the Related projects are not to start until the end of the year
at the earliest:
There's a 10-year window on the city funding, too, so Related would have to complete everything by April 2029 or they're on the hook for the cost.
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Originally Posted by Mr Downtown
I keep hoping I'll catch the Paschen field engineer down on the Ping Tom end and ask him about the timing. The new diamonds for the RI-SCAL crossing have been sitting out there for months, and the SCAL bridge has been up since April.
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I'm not sure how many times the 18th St junction will get re-aligned... it will be re-aligned when CN rebuilds the SCAL, including shifting the Clark St bridge further north. It will be re-aligned when Related moves the Rock Island tracks further west. Then the whole junction will need to be shoo-flyed while they build the Red Line station underneath. Hoo boy.