The late Illinois Sen. Everett Dirksen once famously said: "A million dollars here, a million dollars there, pretty soon you're talking about real money."
The quote comes to mind upon learning that the CTA has contracted with a few more banks to provide ATM machines more properties. The deal approved by the board last week will earn the agency about $1.3 million over five years in new revenue.
That's on top of the contracts approved at the February board meeting that will net the CTA nearly $5 million over five years. This contract increases the number of ATM locations on CTA property from 77 to 97. The machines will be installed by this summer.
"This addition to last month's ATM contract is another way the agency is working to tap into additional revenue sources that provide benefits to the CTA and customers," said CTA President Richard L. Rodriguez in a press release. "At this critical time for the agency's budget, we continue to explore similar contracts that can help us financially, with no cost to CTA."
See the continuation for info on where the ATMs will be located. ATMs from Fifth Third Bank, PNC Bank and J.P. Morgan Chase Bank will be
added across the system. The banks will be responsible for furnishing,
installing, replenishing, operating, and maintaining the ATMs.
Since ATMs were first introduced across the system in 2003, the CTA has generated more than $3.1 million in revenue. Following are the locations of the additional ATMs: