A couple weeks ago, there was an event in town that politicians treated as a celebration. It may, instead, have been a mistake compounded for taxpayers.
VIPs gathered to herald the federal government’s decision to provide $2 billion toward the cost of the CTA’s Red Line extension, which would run from 95th to 130th streets. CTA President Dorval Carter Jr. said the money ensured the transit authority could begin engineering work, the last step before construction. It’s an estimated $3.7 billion project before inevitable cost overruns.
