Another $9 Million Banked for Chicago’s Newest Linear Park

Midwest, Ticker
Monday, March 12, 2012
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Today, Mayor Emanuel announced an additional $9 million in pledges for the Bloomingdale Trail, completing funding for the first phase of the elevated rails to trails project, according to the Sun-Times. The funds include a $5 million gift from Excelon, $1 million each from Boeing and CNA, and a $2 million commitment from the city, which, combined with $37 million in federal funds, will cover the $46 million cost of the first phase. The city and park advocates hope to raise an additional $36 million to complete the project, mostly through private, corporate, and foundation sources.

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