Pritzker unveils $41.5 billion capital plan
A proposal shown to lawmakers includes major new spending on roads, transit, schools and more, but would require a doubling of the gas tax and new levies on items like vehicle registration, liquor, cable TV and ride-hailing.
GREG HINZ ON POLITICS
CRAIN’S CHICAGO BUSINESS
May 17, 2019
After months of pondering, Gov. J.B. Pritzker today began briefing state lawmakers on his much-anticipated capital plan, and it’s both big and expensive—$41.5 billion over six years, to be financed in part by a doubling of the state’s tax on gasoline.
According to background documents obtained by Crain’s, Pritzker wants to pair just under $25 billion in state spending (mostly new, but some reprogrammed) with $10 billion in expected federal funds with $6.6 billion in local and private funds, saying that work is needed because Illinois infrastructure is in “dire” shape.
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I-80 Coalition News
The Illinois Department of Transportation has launched a new website, I80will.org, to provide the public with the latest information on the $1.2 billion reconstruction of Interstate 80 through Will County, one of the cornerstone projects of Governor JB Pritzker’s historic, bipartisan Rebuild Illinois capital program.
The city of Joliet is inviting the public to an informational meeting on April 6 about the construction project this year on Houbolt-Hollywood Road and the Interstate 80 interchange.
Doug Pryor, Vice President of Economic Development with the Will County Center for Economic Development was among the speakers following Governor Pritzker’s update on these critical infrastructure projects.
Governor JB Pritzker and the Illinois Department of Transportation were joined today by local officials and community leaders to announce a six-year plan to rebuild Interstate 80 in Will County.
Construction crews on Monday will begin getting Interstate 80 ready for the $1.2 billion project that includes replacing the Des Plaines River bridge. The Illinois Department of Transportation announced Thursday that bridge deck patching and repairs to I-80 between Chicago and Briggs streets in Joliet will require overnight lane closures, followed by multiple weekend lane and ramp closures.
The Houbolt Road Extension Project is Moving Forward Project Completion Projected for Early 2023 Houbolt Road Extension JV, LLC ("HRE-JV"), a joint venture between United Bridge Partners and CenterPoint Properties, entered into a lease agreement with the City of...
Hoboult Road bridge underway, intersection project slated for late fall By Bob Okon Construction of the Houbolt Road bridge and a new Interstate 80 interchange is scheduled to be completed at roughly the same time in early 2023, but they won’t start together. Houbolt...
Construction of the Houbolt Road bridge is expected to start within the next couple of weeks. “We’re a full go as of today,” Michael Murphy, chief development officer for CenterPoint Properties said Tuesday.