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Originally Posted by Lukecuj
From city web site:
Mayor Daley Releases $1.7 Billion Capital Improvement Program
Aldermanic Menu Program Gets 10 Percent Boost
Mayor Richard M. Daley today released a $1,699,661,246 Capital Improvement Program for 2006 that includes a 10 percent increase in the Aldermanic Menu Program.
“From the day my administration first took office, we made a commitment to keep the city in good repair, even in uncertain economic times,” Daley said at a news conference at 110th and Peoria streets, where City crews are reconstructing a Depression-era WPA (Works Progress Administration) street.
“These projects seldom make big headlines, but they’re absolutely necessary to improve our neighborhood quality of life and create jobs to sustain the Chicago economy. They will make the city more attractive to prospective employers. And they will make Chicago an even better place to live, work and raise a family.”
The program comprises:
• $190 million in general obligation bonds to pay for the city's neighborhood infrastructure program. This includes:
o $122 million in neighborhood improvements (including $66 million for the aldermanic menu program), and other residential street, curb/gutter, lighting, alley and sidewalk projects;
o $38 million for infrastructure improvements to stimulate economic development citywide (industrial streets, streetscaping, medians, viaducts);
o $30 million for green space, facilities, traffic signals and other upgrades;
• $104 million for water system projects;
• $52 million for sewer improvements;
• $532 million for the O’Hare Modernization Program;
• $544 million in other aviation projects at Chicago's two airports;
• $277 million in federal, state, city and other funding for transportation, economic development, open and green space, and municipal facility projects.
Highlights of the program include:
> Installing 32 miles of new water mains;
> Reconstructing more than 7.2 miles of sewers, and lining and rehabilitating another 12 miles of sewers;
> Resurfacing more than 37 miles of arterial streets;
> Installing new street lights on 220 neighborhood blocks, two for each ward;
> Replacing lamps in all alleys citywide;
> Reconstructing 25 blocks of former WPA streets;
> Constructing six new alleys and resurfacing 128 alleys;
> Resurfacing 510 blocks of local streets;
> Replacing 200 blocks of sidewalks;
> Installing new and modernized traffic signals at 48 intersections;
> Reconstructing Grand Avenue, from Narragansett Avenue to Central Avenue;
> Completing new bridges over the Kennedy Expressway at Washington Street and Monroe Street;
> Beginning work on a new North Avenue Bridge over the North Branch of the Chicago River.
The 2006 Capital Improvement Program increases the Aldermanic Menu Program by 10 percent, bringing it to a total of $66 million, or $1,320,000 per ward
For the second year, the Model Block program has been relaxed, so that each alderman can invest the $120,000 allocation in two Model Blocks, or use the money for other menu-eligible projects.
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