Chicago Infrastructure Trust
Now that his controversial construction financing plans have passed the City Council, Mayor Rahm Emanuel says he does not mind if the aldermen make a couple more changes.
The City Council on Tuesday approved Mayor Rahm Emanuel’s plan for a controversial infrastructure trust.
A day after delaying a City Council vote on his complicated plan to fund public works projects with private money, Mayor Rahm Emanuel said he’s listening to complaints from aldermen who were upset with a lack of council oversight in the proposal.
Mayor Rahm Emanuel has decided to put off consideration of his $1.7 billion project to rebuild the city’s infrastructure, amid questions about oversight of the program.
Mayor Rahm Emanuel’s controversial plan to fund $1.7 billion worth of public construction projects with private money cleared a major hurdle Monday, after a City Council panel endorsed the plan, following five hours of debate and a mini-revolt from aldermen concerned about a lack of City Council oversight.
Mayor Rahm Emanuel says he wants to “build a new Chicago,” with a $7.2 billion infrastructure upgrade program that would bring 30,000 jobs over the next three years.
Mayor Rahm Emanuel is joining former President Bill Clinton Thursday afternoon in announcing a new program to spur private financing for new and retrofitted government buildings, and other public projects.