Visions of skating along Chicago's next Loop

The Chicago Infrastructure Trust (CIT) has selected business magnate Elon Musk's Boring Co. to design, build, finance, operate and maintain a new high-speed tunnel between downtown Chicago and O'Hare International Airport.

In an interview with the Tribune, Chicago Mayor Rahm Emanuel said: "If you look at the history of Chicago ... every time we've been an innovator in transportation, we have seized the future".

Musk, the founder of Space X and Tesla Inc., has high credibility in the tech world for delivering on ideas that have stymied others.

The project will be entirely paid for by The Boring Company, which will generate revenue from ticket sales, advertising and merchandising.

At the company's annual shareholder meeting this month, Musk said he expected the Palo Alto, California, company to post a quarterly profit during the July-September period.

The Chicago Express Loop will initially feature skates outfitted as 16-passenger shuttles that will complete the 18-mile run between the airport and a new station to be built near the city's Millennium Park in 12 minutes, compared to approximately 45 minutes for the Blue Line surface train that services the route today.

Emanuel's office said Chicago will negotiate directly and only with The Boring Company for a deal that will eventually be revealed to the City Council. It'll be called The Chicago Express Loop. Reuters has not been able to reach the city or the company for immediate comment. One thing is clear: This is definitely a big win for The Boring Company, and it's a chance for Musk to prove that he can help major cities cut back on their traffic and transportation problems. The company has been digging under a SpaceX parking lot, while its application to dig a tunnel beneath Los Angeles and Culver City is caught up regulatory obstacles and legal challenges.

According to published reports, The Boring Co. has estimated the project would cost less than $1 billion.

Then it must tie this all together with a network of above and below-ground stations without running out of money-the fate that has befallen Chicago's previous high-speed transit dreams.

"Given his track record, we are taking his reputation and saying, "This is a guy in two other transportation modes who has not failed". Video renderings of the system show autonomous vehicles that can pick up passengers at street level and then move them along concrete tubes to their destination. The projected cost? $20 to $25 one way.

According to the Boring Company, the skates would have Wi-Fi and be large enough to hold passengers and cargo.

Related news:

Share this:

Hot News

isis-killer-beheading-video-story-top Ajit Pai says you’re going to love the death of net neutrality
Jun 15, 2018 - 10:28
Martin said broadband providers probably won't mess with existing services like Netflix , as that could alienate consumers. For now, broadband providers insist they won't do anything that would harm the "internet experience" for consumers.

isis-killer-beheading-video-story-top Friday is first day of Eid al-Fitr in Qatar
Jun 15, 2018 - 10:24
Eid ul-Fitr, an important religious holiday celebrated by Muslims worldwide, marks the end of fasting month of Ramzan . He predicted that the crescent of the month of Shawwal will be seen in most Arab and Islamic countries.

isis-killer-beheading-video-story-top White House says Trump plans early summit departure
Jun 15, 2018 - 06:41
Moon spokesman Kim Eui-kyeom also said Monday that Moon has no plans yet to speak with Trump after the meeting. Sources told Axios that measure was conditional upon what Kim was willing to give the return.

isis-killer-beheading-video-story-top Pompeo says North Korea sanctions relief tied to denuclearization
Jun 15, 2018 - 06:36
Trump could, but should not, relax sanctions against Pyongyang at any time, according to Democratic Senator Ben Cardin. It was a moment we didn't see during his week's historic talks between Donald Trump and Kim Jong-un.

isis-killer-beheading-video-story-top Putin and Russian Federation get their first win at World Cup
Jun 15, 2018 - 06:33
The FIFA World Cup will continue through July 15, with the matches set to take place at 12 stadiums across 11 cities. Egor Titov, ex worldwide : "We must do well in the first two games not to let everything depend on the last one".

isis-killer-beheading-video-story-top Oops! 'Fox and Friends' host calls Trump a 'dictator'
Jun 13, 2018 - 03:46
Trump acknowledged that the timetable for denuclearization is long, but said, "once you start the process it means it's pretty much over".

isis-killer-beheading-video-story-top Real Madrid star Ronaldo demands to know if Woodward serious
Jun 13, 2018 - 03:34
Salah enjoyed a stunning debut season at Anfield, scooping the Premier League Golden Boot en route to netting 44 goals in all competitions.

isis-killer-beheading-video-story-top Apple Books, all new for iPhone and iPad, celebrates reading
Jun 13, 2018 - 03:02
Four years ago, Apple removed every single bitcoin wallet application on its App Store, including popular wallet app Blockchain. Section 2.4.2 of Hardware Compatibility now states, "Design your app to use power efficiently".

isis-killer-beheading-video-story-top Kevin Durant says he would consider retiring at 35
Jun 13, 2018 - 03:00
Curry appeared on Good Morning America where he talked about what this year's title means to him, his teammates, and his family. His business partner, Rich Kleiman, told ESPN that Durant told him in the past the he could retire at age 35.

isis-killer-beheading-video-story-top Mattis not surprised by Trump's call to end military exercises: Pentagon
Jun 13, 2018 - 02:29
Last year, it involved about 17,500 US service members, drawing in 3,000 from outside South Korea . President Donald Trump and North Korean leader Kim Jong Un pledged to work for denuclearisation.

isis-killer-beheading-video-story-top Assassin’s Creed Odyssey Brings Ancient Greece To Life
Jun 13, 2018 - 02:16
In the gameplay footage, the player chooses to start the game as the female protagonist and sets out on a series of quests. These are Ubisoft's key titles for the next 12 months and we can't wait to play them - so mission accomplished, basically.

isis-killer-beheading-video-story-top Trump backtracks after G-7, accuses Trudeau of 'false statements'
Jun 11, 2018 - 16:20
Trump also took aim at North Atlantic Treaty Organisation for relying too heavily on the U.S. for their security. Kim Jong-un "must not see American weakness", Kudlow said, shaking his jowls in a very Nixonian fashion.

isis-killer-beheading-video-story-top Trump Says Friends, Enemies Cannot Take Advantage of U.S. on Trade
Jun 11, 2018 - 15:36
The captions reads: "Day two of the G7 summit in Canada: spontaneous meeting between two working sessions". A senior United States administration official said that Trump had been angered by Trudeau's comments.

isis-killer-beheading-video-story-top Trump and Kim Lookalikes Hold 'Summit' in Singapore
Jun 11, 2018 - 09:39
Mr Kim has the "opportunity" to make a deal with the US, Mr Trump said on Saturday, but he "won't have that opportunity again". As North Korean leader Kim Jong Un arrived in Singapore yesterday, his lookalike was already taking photos with fans.

isis-killer-beheading-video-story-top Fallout 76 Revealed, Prequel To The Previous Games
Jun 11, 2018 - 07:17
Dubbed the Break it Early Test Application, players will also be able to pre-order the game to get a chance at joining the beta. Typically, a beta occurs a month or two before release, so expect a Fallout 76 beta some time in September or October.