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CHICAGO CENTRAL AREA ACTION PLAN Chicago is Awesome! April 20, 2010

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Page 1: CHICAGO CENTRAL AREA ACTION PLAN€¦ · Chicago is Awesome! April 20, 2010. Central Area Action Plan 2003 Central Area Plan Defined a vision for the next generation of the Central

Central Area Action Plan

CHICAGO CENTRAL AREA ACTION PLAN Chicago is Awesome! April 20, 2010

Page 2: CHICAGO CENTRAL AREA ACTION PLAN€¦ · Chicago is Awesome! April 20, 2010. Central Area Action Plan 2003 Central Area Plan Defined a vision for the next generation of the Central

Central Area Action Plan

2003 Central Area PlanDefined a vision for the next generation of the Central Area

Identified key projects

Guided zoning reform

2008 Central Area Action PlanUpdates development trends

Refines goals and projects

Prices and prioritizes projects

Identifies funding needs and phasing

Implementing Central Area Plan

Page 3: CHICAGO CENTRAL AREA ACTION PLAN€¦ · Chicago is Awesome! April 20, 2010. Central Area Action Plan 2003 Central Area Plan Defined a vision for the next generation of the Central

Central Area Action Plan

Committee & Task Force Structure

Steering CommitteePatricia Scudiero

John Buck

Urban Design, Waterfront & Open SpaceJohn Syvertsen

Economic Development & Land UseMary Ludgin

TransportationRalph Weber

Luann Hamilton

Page 4: CHICAGO CENTRAL AREA ACTION PLAN€¦ · Chicago is Awesome! April 20, 2010. Central Area Action Plan 2003 Central Area Plan Defined a vision for the next generation of the Central

Central Area Action Plan

Central Area Growth & Development Trends

Page 5: CHICAGO CENTRAL AREA ACTION PLAN€¦ · Chicago is Awesome! April 20, 2010. Central Area Action Plan 2003 Central Area Plan Defined a vision for the next generation of the Central

Central Area Action Plan

Population & Demographic Trends

The Central Area’s population was estimated to be 165,500 at the end of 2007, an increase of nearly 54,000 since the 2000 Census.

By 2020, the population of the Central Area is forecast to be between 215,000 and 230,000.

By 2020, growth of 4,500 to 6,000 jobs per year is estimated to push Central Area employment between 630,000 and 650,000.

Page 6: CHICAGO CENTRAL AREA ACTION PLAN€¦ · Chicago is Awesome! April 20, 2010. Central Area Action Plan 2003 Central Area Plan Defined a vision for the next generation of the Central

Central Area Action Plan

Development Trends2000-2007

Base Case Scenario

Opportunity Scenario

Total Addition to Supply Annual Average

Office (SF) 1,600,00 2,200,000 15,135,000 1,892,000

Retail (SF) 250,000 350,000 3,160,000 395,000

Residential (Units) 1,800 2,200 33,464 4,183

Student Housing (Beds) 150 180 4,206 526

Hotel (Rooms) 600 700 4,323 540

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Central Area Action Plan

Office DevelopmentMap shows buildings completed since 2001 and under construction.

Office market began a period of recovery in 2006 with positive absorption, dropping vacancy rates, and stable or rising rents.

Several large office buildings are under construction, but few new projects are likely to start until the economy recovers.

Average annual demand is forecast to be 1.2 to 1.5 million square feet.

The supply is not constrained since identified prime office development sites and available space in existing buildings could accommodate approximately 25 million square feet.

Page 8: CHICAGO CENTRAL AREA ACTION PLAN€¦ · Chicago is Awesome! April 20, 2010. Central Area Action Plan 2003 Central Area Plan Defined a vision for the next generation of the Central

Central Area Action Plan

Residential Development

Map shows residential projects completed since 2001 and under construction.

Residential development outpaced the forecast of the 2003 Central Area Plan

An annual average of 4,200 new housing units has been added since 2000.

Current conditions suggest that an annual average of 2,600 to 3,300new housing units will be added each year through 2020.

Page 9: CHICAGO CENTRAL AREA ACTION PLAN€¦ · Chicago is Awesome! April 20, 2010. Central Area Action Plan 2003 Central Area Plan Defined a vision for the next generation of the Central

Central Area Action Plan

Map of Existing andProposed Schoolswithin and adjacent to the Central Area

Page 10: CHICAGO CENTRAL AREA ACTION PLAN€¦ · Chicago is Awesome! April 20, 2010. Central Area Action Plan 2003 Central Area Plan Defined a vision for the next generation of the Central

Central Area Action Plan

Hotel Development

Map shows new and under-construction hotels

Hotel development fell slightly short of the base case projections made in 2000 due primarily to 9/11.

Millennium Park boosted visitation and spurred hotel development, particularly in the Central Loop.

Current economic conditions are likely to stall some of many proposed hotel projects.

An annual average of 500 to 700new hotel rooms is now forecast.

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Central Area Action Plan

RetailDevelopmentMap shows retail projects completed since 2001 or under construction.Nearly 400,000 square feet were added annually from 2000 to 2007 in major projects such as NorthBridge and retail components of smaller mixed-use buildings.The emerging retail corridor along Roosevelt Road accounts for much of the new retail. 108 North State, New City “Y” site, and Sullivan Center are among the retail projects underway.The number of new grocery stores reflects demand from the growing residential base.Future retail development is expected to range from 250,000 to 350,000 square feet per year.

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Central Area Action Plan

Institutional Development

Map shows new or under construction cultural and educational facilities, churches, government buildings, visitor attractions, and medical facilities.

Schools of higher education played an important part in South Loop and Central Loop development.

New culture venues were added and existing facilities expanded.

State-of-the-art medical facilities continue to strengthen Streeterville.

Page 13: CHICAGO CENTRAL AREA ACTION PLAN€¦ · Chicago is Awesome! April 20, 2010. Central Area Action Plan 2003 Central Area Plan Defined a vision for the next generation of the Central

Central Area Action Plan

Market Sector Growth Benchmarks, 2008-2020

Projected Average Annual Growth

“Maintain the Central Area as the Center of Regional Growth”

OpportunityBase

700

200150

Hotel (Rooms)

3,3002,600

Student Housing (Beds)

100,00085,000Cultural (SF)

350,000250,000Retail (SF)

1,500,0001,200,000Office (SF)

6,000

4,200

EmploymentPopulation

Residential (Units)

4,500

500

5,300

Page 14: CHICAGO CENTRAL AREA ACTION PLAN€¦ · Chicago is Awesome! April 20, 2010. Central Area Action Plan 2003 Central Area Plan Defined a vision for the next generation of the Central

Central Area Action Plan

Economic Development and Land Use Goals

• Maintain Chicago’s position as the economic engine of the region

• Enhance urban vibrancy and utilize the existing infrastructure by supporting dense residential development

• Reduce Chicago’s carbon footprint by implementing cutting-edge environmental practices and green building techniques

• Enhance parks, corridors and waterfronts for residents, workers, students and visitors

• Better connect to the world through O’Hare and Midway airports and the regional rail network

• Strengthen Chicago's ties to the North American economy through efficient freight movement.

• Support the growth envisioned by the plan by investing in transit.

• Frame a city/state/federal capital investment plan supplemented by private participation.

• Coordinate public planning by incorporating the Central Area Action Plan into the regional transportation plan, Chicago 2016 Olympic plans, and state and federal capital programs

Page 15: CHICAGO CENTRAL AREA ACTION PLAN€¦ · Chicago is Awesome! April 20, 2010. Central Area Action Plan 2003 Central Area Plan Defined a vision for the next generation of the Central

Central Area Action Plan

TransportationKey Goals and Projects

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Central Area Action Plan

Transportation Goals

• Improve transit in Central Area

• Increase regional transit capacity

• Improve the pedestrian environment

• Manage traffic circulation

• Encourage alternative modes

• Improve national and international connections

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Central Area Action Plan

Proposed TransitImprovementswithin the Central Area

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Central Area Action Plan

CTA Signal & Capacity UpgradesCity Role: Supporting Timeframe: 2008-2012Cost Estimate: $1.5B system wide Potential Funding Sources:

Federal capital transit funds, local/state bonds

CRITERIA RATINGTransportation

Expands capacity on high ridership lines

Helps solve major reliability & slow-zone problems

Economic Development & Land UseMaintains viable service connecting Central Loop to airports and neighborhoods

Environment & Open SpaceReinvests in existing highly used transit assets

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Central Area Action Plan

CTA Station Modernization

City Role: Project LeadTimeframe: 2008- 2020Cost Estimate: $70M - $90M per station for 9

Central Area stationsPotential Funding Sources:

Local/state bonds, TIF, CMAQ

CRITERIA RATINGTransportation Need

Improves competitiveness & accessibility of existing transit system

Does not expand transit coverage

Economic Development & Land UseReinvests in the core Central Area business districts

Environment & Open SpaceAvoids new construction by restoring and making more efficient use of existing infrastructure

Graphic courtesy of www.createprogram.orgOlympic Impact = Yes

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Central Area Action Plan

CTA Infill StationsCity Role: Partner with CTATimeframe: Complete 4 stations by 2020Cost Estimate: $40M – $60M per station for 4

new stationsPotential Funding Sources:

Local/state bonds, federal capital funds, TIF, CMAQ

CRITERIA RATINGTransportation

Improves overall connectivity and accessibility of rail system

Economic Development & Land UseExpands access to and from Near South, West and North Sides – all high-growth residential districts with potential for continued growth

Environment & Open SpaceHelps maximize usage of existing infrastructure

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Central Area Action Plan

Transit Passenger Info Systems

City Role: Partner with RTA and CTATimeframe: Complete upgrades to all

stations by 2016Cost Estimate: $20M Potential Funding Sources:

TIF, CMAQ

CRITERIA RATINGTransportation

Makes using system in Central Area easier, especially for new/occasional customers

Economic Development & Land UseNo effect--does not change access to or travel time for key districts

Environment & Open SpaceHelps maximize usage of existing system

Graphic from http://www.rtams.org

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Central Area Action Plan

Airport Express ServiceCity Role: Partner with CTATimeframe: 2008-2012Cost Estimate: $1.5BPotential Funding Sources:

State/federal funds (construction), private funds (operations)

CRITERIA RATINGTransportation

Improves travel times to both airports from Central Area terminalMay be combined with other signal/track improvements on O’Hare branch

Economic Development & Land UseImproves access for travelers to Central Loop employment center Enhances Chicago’s attractiveness as corporate headquarters city

Environment & Open SpaceReduces reliance on auto/taxis for trips to airport

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Central Area Action Plan

Clinton Street SubwayCity Role: Partner with RTA, CTATimeframe: 2012- 2020Cost Estimate: $3B Potential Funding Sources:

FTA New Starts, TIF, CMAQ

CRITERIA RATINGTransportation

Improves access to growing River North subdistrict

Removes congestion from State Street (Red Line) Subway

Economic Development & Land UseServes main corridor of high-density office growth in West Loop

Environment & Open SpaceHelps maximize usage of existing system

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Central Area Action Plan

Central Area Transitways

Carroll Ave

Lakefront

East-West (Monroe Street)

Clinton Street

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Central Area Action Plan

Carroll Ave TransitwayCity Role: LeadTimeframe: 2008–2012Cost Estimate: $260MPotential Funding Sources:

FTA New Starts/Small Starts, State/local bonds, Transportation Improvement District, public/private partnership

CRITERIA RATINGTransportation

Connects underserved Streeterville, improving travel to hospitals/Navy PierProvides east-west connectivity in area without major direct roadway route

Economic Development & Land UseSupports residential and employment growth in Streeterville, River North, and West Loop

Environment & Open SpaceReduces reliance on autos for trips to Streeterville districtUses existing unused right-of-way

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Central Area Action Plan

East-West TransitwayCity Role: LeadTimeframe: 2012-2016Cost Estimate: $200MPotential Funding Sources:

FTA New Starts/Small Starts, State/local bonds, Transportation Improvement District, public/private partnership

CRITERIA RATINGTransportation

Addresses long-studied need for east-west transit connectivity in Central LoopConnects West Loop and East Loop commuter stations

Economic Development & Land UseServes core of Central Area employment districts

Environment & Open SpaceImproves access to LakefrontProject construction may cause major short-term disruptions

East-West Transitway (Monroe)

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Central Area Action Plan

Lakefront Transitway

Lakefront Transitway

City Role: LeadTimeframe: 2012-2016Cost Estimate: $150MPotential Funding Sources:

FTA New Starts/Small Starts, state/local bonds, Transportation Improvement District, public/private partnership

CRITERIA RATINGTransportation

Provides rapid transit service along high-growth eastern portion of Central Area Connects Near South & Streeterville

Economic Development & Land UseConnects key cultural/tourism assets along lakefrontSupports Olympics bid

Environment & Open SpaceProvides direct transit access from Near South to Lakefront parksUses existing improved right-of-way

Page 28: CHICAGO CENTRAL AREA ACTION PLAN€¦ · Chicago is Awesome! April 20, 2010. Central Area Action Plan 2003 Central Area Plan Defined a vision for the next generation of the Central

Central Area Action Plan

West Loop Transportation Center West Loop Transportation CenterCity Role: LeadTimeframe: 2012-2016Cost Estimate: $2B Potential Funding Sources:FTA New Starts, State bonds, TIF

CRITERIA RATINGTransportation

Connects major West Loop hubs with local, regional, and national networksWill serve future transitway and Clinton subway projects

Economic Development & Land UseInvests in West Loop, the area driving Central Area employment growth

Environment & Open SpaceSupports all alternatives to auto use

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Central Area Action Plan

Union Station UpgradesCity Role: Partner with Amtrak, Metra, RTATimeframe: 2008-2012Cost Estimate: $80M - $100M Potential Funding Sources:

State/local bonds, TIF, CMAQ, Amtrak

CRITERIA RATINGTransportation

Improves efficiency of busiest transfer site in the regionImproves comfort, accessibility, & potential capacity of existing service

Economic Development & Land UseEnhances West Loop as hub of new office growth

Environment & Open SpaceHelps maximize usage of landmark station

INSERT AMTRAK GRAPHIC??

INSERT REDEVELOPMENT PROPOSAL GRAPHIC??

Streetway & Pedestrian

Access Improvements

New Intermodal

Facility

= existing access point

Platform & Capacity

Enhancements

Passenger Area

Improvements

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Central Area Action Plan

Wacker Drive Reconstruction

City Role: LeadTimeframe:

E/W portion completed N/S leg requires funding (2008-2012)

Cost Estimate: $350M for N/S legPotential Funding Sources:

State/local bonds, TIF

CRITERIA RATINGTransportation

Reinvests in major streetway abutting river’s South Branch Lower level provides delivery and parking garage access

Economic Development & Land UseImproves auto & pedestrian environment in most actively developed office corridor in Central Area

Environment & Open SpaceAdds streetscaping elements and green infrastructure

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Central Area Action Plan

North LSD ImprovementsCity Role: Partner with IDOTTimeframe: 2012-2016Cost Estimate: $200MPotential Funding Sources:

Local/state bonds, CMAQ, Federal earmarks

CRITERIA RATINGTransportation

Improves unsafe curve at Oak St. and intersection at Chicago Ave.Provides more space for bicycle and pedestrian paths along Lakefront

Economic Development & Land UseImproves access to growing employment and residential concentrations in Streeterville

Environmental & Open SpaceDramatically increases open space amenities and access to Lakefront

Graphic courtesy of www.createprogram.org

“Smoothed” Curve

Improved Auto & Ped

Access

More Lakefront

Open Space

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Central Area Action Plan

Regional Transit Projects-Metra and CTA

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Central Area Action Plan

Urban Design, Waterfront & Open SpaceKey Goals and Projects

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Central Area Action Plan

Urban Design, Waterfront & Open Space Goals

• Strengthen Chicago as an environmentally sustainable city

• Strengthen the Lakefront as Chicago's great public space

• Develop the Chicago Riverfront as a continuous system of premier public places

• Create a new generation of downtown parks

• Complete the Central Area’s framework of richly landscaped streets and boulevards

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Central Area Action Plan

Areas of Special Interest

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Central Area Action Plan

Urban Form

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Central Area Action Plan

Parks and Streetscapes

Page 38: CHICAGO CENTRAL AREA ACTION PLAN€¦ · Chicago is Awesome! April 20, 2010. Central Area Action Plan 2003 Central Area Plan Defined a vision for the next generation of the Central

Central Area Action Plan

Urban Design ProjectsKennedy Corridor Improvements and Cap

Streetscape Improvements

Building Lighting Enhancement

Page 39: CHICAGO CENTRAL AREA ACTION PLAN€¦ · Chicago is Awesome! April 20, 2010. Central Area Action Plan 2003 Central Area Plan Defined a vision for the next generation of the Central

Central Area Action Plan

Streetscape Improvements

City Role: Lead by CDOTTimeframe: 2008-2016Cost Estimate: Varies

Project Description:Expand streetscape upgrades that have

benefited prominent north/south streets within the Central Area.

To complement these, improvements are proposed for east/west streets to enhance motorist and pedestrian mobility and to anchor investment in surrounding areas. Improvements should incorporate environmentally friendly design elements and materials from the City’s “Green Alleys and Streets” initiative and from the Green Urban Design Task Force.

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Central Area Action Plan

Lighting Enhancements

City Role: Involvement of CDOT. DLUP, DCD, DOE

Timeframe: 2008-2012Cost Estimate: $400,000

Project Description:Enhance structure lighting.

A program of improvements along Michigan Avenue has been developed by Schuler Shook. Michigan should serve as the pilot for similar programs on LaSalle and Randolph.

A grant or loan program should be established to facilitate private sector implementation.

Lighting improvements guidelines should include recommendations from the “Lights Out Chicago” program, which protects migratory birds, saves energy, and decreases maintenance costs.

Page 41: CHICAGO CENTRAL AREA ACTION PLAN€¦ · Chicago is Awesome! April 20, 2010. Central Area Action Plan 2003 Central Area Plan Defined a vision for the next generation of the Central

Central Area Action Plan

Kennedy Corridor Enhancements & Cap

City Role: Lead by CDOTTimeframe:

Improvements - 2008-2012Kennedy Cap - 2016-2020

Cost Estimate:Improvements - $10 millionKennedy Cap - $500 million

Project Description:Build a cap atop the Kennedy to improve

connections between the Central Loop and the West Loop.

Short-term: Traffic calming, landscaping, pedestrian mobility enhancements.

Long-term: Create parkland over the Kennedy between Monroe and Washington.

New urban greenway would improve air quality and reduce noise pollution.

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Central Area Action Plan

Lakefront Trail expansion

Gateway Harbor

Chicago Riverfront System

Waterfront Projects

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Central Area Action Plan

Lakefront Trail ExpansionCity Role:Involves CDOT, DZLUP, DCD, CPDTimeframe: 2012-2016Cost Estimate: $177 million

Project Description: Expand the Lakefront Trail lakeward between North Ave. and Navy Pier by up to 200 feet.

Introduce landscaping to create parkland and expanded pedestrian and bicycle paths.

This project should be undertaken in conjunction with North Lake Shore Drive improvements at the Oak St. curve and at Chicago Ave.

Page 44: CHICAGO CENTRAL AREA ACTION PLAN€¦ · Chicago is Awesome! April 20, 2010. Central Area Action Plan 2003 Central Area Plan Defined a vision for the next generation of the Central

Central Area Action Plan

Gateway Harbor

City Role: Lead by CPDTimeframe: 2008-2012Cost Estimate: $30 million

Project Description: Build new boat marina

and amenities connecting “Dime Pier” to

the Navy Pier Headlands.

Also explore feasibility of establishing direct

boat access to Navy Pier at river level by

relocating a wall segment northwest of the

Chicago Locks.

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Central Area Action Plan

Main Branch Riverfront

City Role: Involves MWRD, CDOT, DZLUP, DCD

Timeframe:Phase 1 - 2008-2011 Phase 2 - 2012-2016

Cost Estimate: $92 millionProject Description: Create a continuous

multi-level Riverwalk along the north side of the Chicago River with under-bridge connections at Michigan Ave. and Lake Shore Drive to DuSable Park. Establish clearly identified on-street connections west of Michigan Ave and east of Wells Street ($12 million).

Develop a dock level Riverwalk along the south side of the Chicago River with under bridge and vertical connections for continuous water access. ($80 million).

Lake Shore Drive to Franklin

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Central Area Action Plan

City Role: Involves CDWM, CDOT, DZLUP, DCD

Timeframe: 2012-2016 Cost Estimate: $75 million

Project Description: Develop the North Branch Riverfront with:ADA-accessible boatyard Off-river connection from Kinzie ParkUnder-bridge connection to Wolf Point A street level park south of Riverbend for future development

Create a river level trail on the east side of the river to connect lower level walks

Develop Riverwalk north of River Village to the North Ave. Turning Basin

Improve river access at the east bank between North and Division

Landscape west bank from Grand Ave. to North Ave

North Branch RiverfrontLake to Halsted

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Central Area Action Plan

City Role: Involves CDWM, CDOT, DZLUP, DCD

Timeframe: 2012-2016 Cost Estimate: $15 million

Project Description: Develop a multi-component Riverwalk on the South Branch in the West Loop and Central Loop.

Includes a contiguous street level Riverwalk with improved connections and access to large plazas, and a dock level Riverwalk on the east bank. Will also include adjacent green space and vertical connection near Van Buren St.

South BranchRiverfrontLake to Harrison

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Central Area Action Plan

City Role: Involves CDWM, CDOT, DZLUP, DCDTimeframe: 2016-2020Cost Estimate: $75 million

Project Description: Develop a multi-component Riverwalk on the South Branch in South West Loop, River South, and Chinatown .

Connection to River City Vertical connection at Harrison St. New pedestrian and vehicular crossings Underbridge connections at Roosevelt and

18th St.Public park in future Franklin Point

developmentOn-street connections near Ping Tom Park to

future Riverwalk development at East Canal Origins Park

Landscaping on west riverbank

South BranchRiverfrontHarrison to Stewart

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Central Area Action Plan

DuSable Park

Ping Tom Park Phase 2Queen’s Landing

Northerly Island

Grant Park Railscape

Open Space Projects

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Central Area Action Plan

Queen’s Landing

City Role: CDOT LeadTimeframe: 2008-2012Cost Estimate: $500,000

Project Description: Improve pedestrian access between Buckingham Fountain in Grant Park and the cross-Lake Shore Drive lakefront.

This a key component of the Grant Park Framework Plan and includes improved crosswalks and signage.

Queen’s Landing is the spot at which Queen Elizabeth II came ashore during her 1959 visit.

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Central Area Action Plan

Northerly IslandCity Role: CPD leadTimeframe: 2008-2012Cost Estimate: $75 million

Project Description: Create a state-of-

the-art park with sustainable

design principles to serve as an

outdoor conservation museum.

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Central Area Action Plan

Grant Park Railscape

City Role: Involves RTA, Metra, DZLUP, DCD, CPD

Timeframe: 2012-2016Cost Estimate: $32.6 million

Project Description: Screen the railroad tracks throughout Grant Park and south to Museum Place.

The appearance of the existing open railroad trench could be improved by a “green screen” over the tracks.

Explore potential to reduce the former rail service yard area generally known as the pennant lot (as depicted in red) to add park land.

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Central Area Action Plan

DuSable ParkCity Role: Involves CPD, CDOT, DZLUP,

DCDTimeframe: 2008-2012 Cost Estimate: $17 million

Project Description: Develop a public park

at the inlet of the Chicago River at

Lake Michigan to commemorate

Chicago’s founding pioneer.

This park will be build through a public-

private partnership with the developer

of The Spire.

Page 54: CHICAGO CENTRAL AREA ACTION PLAN€¦ · Chicago is Awesome! April 20, 2010. Central Area Action Plan 2003 Central Area Plan Defined a vision for the next generation of the Central

Central Area Action Plan

Ping Tom Park Phase II

City Role: Involves CPD, DZLUP, CDOT, Canadian National Railroad

Timeframe: Various phases 2008-2016Cost Estimate: $38 million

Project Description: Develop Phase 2 of Ping Tom Park.

In 2002, the Chicago Park District acquired 5

acres to expand the park to the

northeast. A former industrial site, the

land will be cleaned up and redeveloped

into a spacious community park with ball

and soccer fields, a field house, and a

swimming pool.

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Central Area Action Plan

Cost & Phasing

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Central Area Action Plan

Grand Total

Transportation = $14.24 BillionUrban Design = $1.31 Billion

Grand Total = $15.55 Billion

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Central Area Action Plan

Phased Investment2008-2012

Transportation = $5,926,000,000Urban Design = $ 281,100,000

Total = $6,207,100,000

2012-2016Transportation = $4,765,000,000

Urban Design = $ 443,000,000

Total = $5,208,000,000

2016-2020Transportation = $3,550,000,000

Urban Design = $ 585,000,000

Total = $4,135,000,000

Cost (in 2007 $)

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Central Area Action Plan

2008-2012 Transportation

$750,000,000CREATE Program (initial)

$536,000,000Metra UP-W Upgrades

$5,926,000,000Subtotal

$60,000,000Union Station Capacity/Facility UpgradeConnections$1,500,000,000Airport Rail Express ServiceNational/International

$1,000,000West Loop Bicycle StationAlternative Modes$30,000,000Wells-Wentworth Connector (Phase I)

$350,000,000Wacker Drive Reconstruction (Phase II)Traffic Circulation$30,000,000Union Station Access/Intermodal UpgradePedestrian

Environment

$419,000,000Metra UP-NW Extension & Upgrades

$1,500,000,000CTA Signal & Capacity Upgrade Regional Transit Capacity

$10,000,000Transit/Passenger Information Systems

$60,000,000CTA Infill Station (Morgan - Green/Pink)

$60,000,000Clinton Street Transitway

$260,000,000Carroll Avenue Transitway

$360,000,000CTA Station Modernization (4 Stations)Central Area Transit Cost (in 2007 $)

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Central Area Action Plan

2008-2012 Urban Design

$46,000,000Main Branch Riverfront (Phase I)Waterfront$30,000,000Gateway Harbor

$250,000Chicago River Management Entity

$19,000,000Congress ParkwayUrban Design$19,000,000Grand & Illinois

$10,000,000Kennedy Corridor Enhancements

$8,750,000East Randolph

$600,000Lighting Enhancements (Michigan, Congress & Wacker)

$281,100,000Subtotal$500,000Pedestrian Connection at Queen’s Landing

$17,000,000DuSable Park

$20,000,000Ping Tom Phase II (Site Dev./Railway Underpass)

$35,000,000Grant Park Improvements North

$75,000,000Northerly Island Park ImprovementsOpen Space

Cost (in 2007 $)

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Central Area Action Plan

2012-2016 Transportation

$4,765,000,000Subtotal

$15,000,000Wells-Wentworth Connector (Phase II)

$50,000,000South Branch Bridge at Taylor Street

$200,000,000North Lake Shore Drive ImprovementsTraffic Circulation

$750,000,000CREATE Program (Completion)Regional Transit Capacity

$10,000,000Transit/Passenger Information Systems

$60,000,000CTA Infill Station (Division - Brown/Purple)

$60,000,000CTA Infill Station (Cermak - Green)

$150,000,000Lakefront Transitway

$200,000,000East-West Transitway

$270,000,000CTA Station Modernization (3 Stations)

$1,000,000,000Clinton Subway (Phase I)

$2,000,000,000West Loop Transportation Center Central Area Transit

Cost (in 2007 $)

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Central Area Action Plan

2012-2016 Urban Design

$177,000,000Lakefront Trail ExpansionWaterfront

$75,000,000North Branch Riverfront (River North)

$46,000,000Main Branch Riverfront (Phase II)

$15,000,000South Branch Riverfront (Downtown)

$33,000,000West Loop/Union Station Area StreetscapeUrban Design

$21,000,000Division Streetscape

$400,000Lighting Enhancements (LaSalle & Randolph)

$443,000,000Subtotal

$7,500,000Central Station Area Railscape

$7,900,000Grant Park Central Railscape

$17,200,000Grant Park South Railscape

$18,000,000Ping Tom Phase II (Multi-Purpose Center/Boathouse)

$25,000,000Lakefront Trail BridgeOpen Space

Cost (in 2007 $)

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Central Area Action Plan

2016-2020 Transportation

$2,350,000,000Subtotal

$50,000,000South Branch Bridge at 16th or Polk Street Traffic Circulation

$60,000,000Pedestrian Bridges over River (Streeterville, W. Loop)

Pedestrian Environment

$60,000,000CTA Infill Station (Clark/18th - Orange)

$180,000,000CTA Station Modernization (2 Stations)

$2,000,000,000Clinton Subway (Phase II)Central Area Transit

Cost (in 2007 $)

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2016-2020 Urban Design

$75,000,000South Branch Riverfront (River South)Waterfront$500,000,000Kennedy CapUrban Design

$585,000,000Subtotal$10,000,000Fort Dearborn ParkOpen Space

Cost (in 2007 $)

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Central Area Action Plan

Regional Supporting Transit Projects

(2008 – 2020)

$3,000,000,000CTA Circle Line Construction

$6,250,000,000Subtotal

$1,100,000,000Metra Star Line Construction2016-2020

$300,000,000$1,000,000,000

$300,000,000$550,000,000

CTA Orange Line ExtensionCTA Red Line ExtensionCTA Yellow Line ExtensionMetra South East Line Service Development

2012-2016

Cost (in 2007 $)Phase Project

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Central Area Action Plan

2007 Capital Budget ProgramsSelected Programs

Neighborhood Infrastructure$113,437,563

Transportation$180,788,815

CitySpace$14,892,555

Economic Development$113,984,623

Total capital budget was $2.0 billion in 2007Selected programs compose ¼ of total, or $423

million

Source: City of Chicago

$181 M

$15 M

$114 M

$113 M

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Central Area Action Plan

2007 Capital Budget Funding Sources

Funding Sources for CitySpace, Economic Development, Neighborhood Infrastructure and Transportation

Programs

Federal Funds$112 732 000Other

G.O. Bonds$184,684,961

43%

TIF$34,415,329

8%

State Funds$78,478,000

19%

Source: City of Chicago

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Central Area Action Plan

Transit Capital Funding SourcesUnited States Top 50 Transit Agencies

Local sources53%Federal

government35%

State government12%

Other sources<1%

Source: RTA, Moving Beyond Congestion

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Central Area Action Plan

Funding Strategy Recommendations

Target TIF funds for major capital projects

Bond against future TIF revenues when possible

Consider special area funding mechanisms

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Central Area Action Plan

Federal Transportation FundsFederal Economic Stimulus FundsState Capital ProgramPrivate Investment – CREATE, Corporate DonationsPublic-Private PartnershipsGeneral Obligation Bonding

Potential Funding Sources

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Central Area Action Plan

Chicago is Awesome!Thank [email protected]