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$20 billion Chicago megaproject reaches agreement with transit system over construction

March 18, 2021

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In addition to the multifamily aspect of the project, One Central would include 1.5 million square feet of retail, dining and entertainment amenities and create 19,000 construction jobs, according to the project’s website. The project would be built over the Metra tracks west of Soldier Field, home of the Chicago Bears.

As part of the agreement, Metra would receive a new maintenance yard and a replacement of its 18th street station. Landmark Development would take the financial risk to build a $3.8 billion transit connection for the Chicago Transit Authority and Amtrak that the state would eventually buy, according to the Sun-Times. Construction will likely include a CTA station at One Central but discussions are still in the early stage.

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