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CTA committee approves raising relocation‑payment cap to about $8.0M for Red Line Extension property
Summary
CTA’s Finance Committee approved placing on the omnibus an ordinance to increase the authorized relocation‑payment cap for property acquired for the Red Line Extension to roughly $8.0 million.
The Chicago Transit Authority’s Finance Committee approved placing on the omnibus an ordinance to authorize increased relocation payments related to the Red Line Extension property acquisition.
Bill Mone, CTA’s chief infrastructure officer, told the committee the authority acquired a portion of property at 11900 South Cottage Grove (the former All American Recycling Facility) and asked the board to raise the authorized cap for relocation payments from $5,500,000 to $8,000,000.73 to cover finalized relocation activity costs. “The increased limit is within the relocation budget for the project and does not impact the overall project contingency,” Mone said.
Board members had no substantive questions on the item. Director Ortiz moved and Director Jha seconded placing the item on the omnibus; a roll‑call vote recorded approval and the motion passed at the committee. The ordinance will appear on the full board omnibus for final action.
