Here’s a quick roundup of recent CTA news items.
Mayor Emanuel won’t back down from fare increase comments. Two days after Chicago’s mayor made some controversial comments about the hike in CTA passes and how passengers can “choose to drive,” Emanuel stood by his words. “What I said is, (it’s) a choice. People have a choice between public transportation and private,” the mayor said. “If you’re coming from O’Hare, you pay $50 for the cab downtown. You can rent a car, which is probably close to that. Or you can take the CTA. That’s a choice which is much cheaper.” That’s fine, I get it. But he could have found a more elegant way to say all this.
CTA employee retirement plan underfunded. The Tribune reports: “The funded portion of the CTA employees retirement plan has dropped below the required minimum level, and the program’s investment assumptions are “optimistic” when measured against likely returns, according to a state review released Tuesday. The funded proportion of the retirement plan declined from 70.1 percent on Jan. 1, 2011, to 59.2 percent on Jan. 1 this year, the review conducted by Illinois Auditor General William Holland’s office found. At the start of 2010, the funded ratio was 74.8 percent.
Lawrence Red Line station to reopen late Friday night. The sixth of seven newly renovated north Red line stations will reopen at 11:59 p.m. Friday. The Lawrence station is the only one of the seven to feature wooden platform. Here’s why. And check out the other amenities in a CTA news release.