Project Profile: Chicago Transit Authority 95th Street Terminal Improvement Project

photo credit: Chicago Transit Authority (CTA)

Location	Chicago, Illinois
Project Borrower / Sponsor	Chicago Transit Authority
Program Areas
Value Capture Techniques	Sales Tax Districts
Mode	Intermodal Transit
Description	The existing 95th/Dan Ryan Terminal is an intermodal transit hub that connects commuters to 13 bus routes and serves as the terminus of the Chicago Transit Authority's (CTA) Red Line. The 9.4-mile Dan Ryan Branch of the CTA Red Line ends at the 95th Street Terminal. This station is integral in connecting residents in Far South Side communities and suburbs to jobs throughout the region. The design of the current terminal leads to overcrowding of passengers and congestion for bus traffic utilizing the station. Due to station configuration, many passengers use terminal areas for street access, posing safety risks to commuters. The project will rehabilitate the current 95th Street Bus and Rail Terminal, which dates from 1969, with an expanded modern facility. As part of the CTA 2013-2017 Capital Improvement Plan, the Dan Ryan Branch is being fully reconstructed. This project consists of a redesign of the existing terminal to provide more space and improve mobility of passengers in and around the station. Specific project improvements include: Expansion of the North Terminal through construction of ground level retail and additional passenger circulation areas Construction of a new, 3-story South Terminal (two levels above ground and one platform level below) Increased lighting and security cameras Expansion of sidewalks and bus lanes to reduce congestion Full wheel-chair accessibility Traffic signal improvements to increase the number of peak hour buses capable of circulating through the terminal Sound panels at platform level to reduce noise in the terminal
Cost	$240 million
Funding Sources	TIFIA Loan - $79.2 million Illinois DOT - $50 million Chicago Transit Authority Funds - $47.6 million RTA Bond Proceeds - $35 million TIGER Grant Proceeds - $18.2 million Federal Bus Livability Grant - $10 million
Project Delivery / Contract Method	Design-build
Private Partner	Design-builder (passenger terminals) - Paschen Milhouse Joint Venture IV
Project Advisors / Consultants	Architect - exp To the Borrower The PFM Group - Financial Advisor Charity & Associates PC - Counsel to the Borrower To USDOT JPO TIFIA Legal Advisor - Hawkins Delafied & Wood, LLP TIFIA Financial Advisor - IMG Rebel Group
Lenders	Bondholders, USDOT TIFIA
Duration / Status	Construction began in July 2014 (foundation work). Passenger terminal construction began summer 2016. South Terminal completion expected in 2017; North Terminal completion expected in 2018.
TIFIA Credit Assistance	Direct Loan - $79.2 million TIFIA loan will be repaid with fare box revenue
Financial Status	CTA was awarded a $20 million TIGER IV grant in June 2012. The TIFIA credit agreement was executed on April 24, 2014.
Innovations	Project improvements will accommodate approximately six additional buses (including two larger bays for articulated buses), increase enclosed or canopy-covered space by approximately 30,000 square feet, and expand platform length to accommodate 10 car trains (currently accommodates eight car trains).
Related Links / Articles	Chicago Transit Authority 95th Street Terminal Improvement Project Website
Contacts	Tom McKone Vice President of Budget, Management, and Capital Finance Chicago Transit Authority Tel: (312) 681-3470 tmckone@transitchicago.com