Elon Musk’s Boring Company approved to build high-speed transit between downtown Chicago and O’Hare Airport
Chicago Mayor Rahm Emanuel announced the selection of Elon Musk’s Boring Company to build and operate a multi-billion dollar rapid transit link between O’Hare International Airport and the city’s downtown.
The company plans to transport passengers between O’Hare and Block 37 in the Loop in approximately 12 minutes each way — typically a 40 minute trip via the city’s Blue Line — by utilizing electric vehicles that run through new twin underground tunnels. The project will be funded entirely by the company with no taxpayer subsidy.
But he won‘t need to sell more flamethrowers to raise the funds: under the deal, Musk would front the construction costs and then pocket all the revenue from the system’s transit fees and any money generated...
(@)Andrew J. Hawkins
Published on 14 Jun 2018 at 03:16AM