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Move Illinois study: 29457 interchange linked to about $500 million in development and roughly 6,000 jobs
Summary
At an April 17, 2025 Planning and Development Oversight Committee meeting, staff reported that the Move Illinois-funded 29457 interchange—a two‑phase project completed in 2014 and 2022—coincided with millions of square feet of new industrial and logistics development, higher assessed values and reduced travel times in the Chicago Southland.
The Planning and Development Oversight Committee of the Toll Highway Authority, Illinois State heard on April 17, 2025 that a study of the 29457 interchange—part of the agency's Move Illinois program—correlated the project with substantial regional development and job growth.
Cassandra Sweeney, executive director, introduced the report and said, "this morning, we are so pleased to bring to the board, at this meeting a report on just the economic impacts that our Move Illinois program has provided to the region." Committee staff said the study was carried out by consultant SB Friedman to quantify the economic effects of a $719,000,000 investment in the interchange.
The committee was told the interchange was completed in two phases: initial phase work finished in 2014 with local road improvements on 147th Street, and a…
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