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Train Wreck; POLITICAL AND BUSINESS LEADERS STAND BY AS MASS TRANSIT SYSTEM HEADS FOR MELTDOWN.(management and finance of local transit)
Crain's Chicago Business, June, 2007 by Hinz, Greg
Byline: Greg Hinz They declared a crisis. The world yawned. That's the sorry situation in which Chicago Transit Authority officials-and hundreds of thousands of commuters-find themselves as powerbrokers all but ignore the CTA's threats to sharply slash service and pump up fares unless it gets a cash infusion soon.
"I'm scared. I'm worried that they're not going to do anything,'' says CTA Chairman Carole Brown, referring specifically to the Illinois Legislature but talking more generally about the state's overall leadership. "I've never seen it like this, so much lack of cooperation.'' Ms. Brown has reason to worry. But so does the city's still mostly sleeping business elite. A hefty 61% of those who work downtown get there on the CTA or Metra, the...
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