Award of $630,000.00 with the objective to facilitate and evaluate public-private partnerships in which the private sector partner could assume a greater role in project planning, development,…

The Department of Transportation's Immediate Office of the Secretary awarded a $630,000 Cooperative Agreement under the Asset Concessions and Innovative Finance Assistance program (CFDA 20.945) to Chicago State University. The purpose of the award is to facilitate and evaluate public-private partnerships where the private sector could assume a greater role in transit-oriented development planning, financing, construction, and operation, including assisting the university in entering into asset concessions. Key activities to be performed include asset scans, quarterly reporting, and agreement deliverables, with the intended beneficiaries being Chicago commuters. The award has an expected completion date of January 5, 2028.

Activities

Transit-oriented development on 95TH street - developing a university village for chicago?s south side communities expected outcomes: asset scans, quarterly reports, agreement deliverables.

Intended beneficiaries

Chicago communters