A modern public transportation system is essential to the future of our state, our region and our city. It is vital to our economic security and to our ability to recruit new businesses and create new jobs. It provides an alternative to cars and to the traffic congestion and air pollution they bring with them.
Thanks to today’s grant, we can move forward with an innovative program that combines building the first 10 miles of a proposed dedicated Bus Rapid Transit system of more than 100 miles with a parking pricing strategy aimed at encouraging motorists to come to the Central Business District outside the normal peak hours.
We’ve always tried to lead by example. Our willingness to implement a new concept such as peak period pricing is what convinced Secretary Peters to make this grant.
It’s a way to provide the speed and reliability closer to rail service without the costly infrastructure. Both Los Angeles and Vancouver have seen bus ridership increase after they introduced BRT.
I want to thank Secretary Peters for coming to Chicago, and for asking me to join her here in the Fast Lane. Today’s announcement is an important one for the City of Chicago, and for the millions of folks who rely on transit and park on our streets.
For more information on Chicago’s transportation system, visit our website: http://www.cityofchicago.org/Transportation/.