Wins O'Hare Airport train contract

The Boring Company headed by Elon Musk wants to get you from downtown Chicago to the airport in 12 minutes

The Boring Company headed by Elon Musk wants to get you from downtown Chicago to the airport in 12 minutes

Not a pretty trip. A Blue Line ticket from O'Hare costs $5. This new train would take less than 15 minutes.

The Chicago Infrastructure Trust (CIT) announced on Thursday that it has chosen The Boring Company to design, build, finance, operate, and maintain a high-speed rail line called the Chicago Express Loop from downtown to the O'Hare airport.

The company estimates the travel time between downtown and the airport to be approximately 12 minutes.

The big news was followed by a big question: Can another company founded by Elon Musk do something never done with technology not yet tested on a scale not attempted before?

Musk's plan beat out competition from another bidder, O'Hare Xpress LLC, a consortium of investors and engineering and transit companies.

The Boring Company's new O'Hare Airport Station.

There was no immediate statement from the City of Chicago.

First, the build will not be taxpayer funded at all.

Emanuel's office said Musk's company will foot the entire bill, meaning there will be no tax burden on Chicago residents.

As previously reported by FOX Business, Musk envisions loop commuters will pay just $1 per trip from downtown Los Angeles to Los Angeles International Airport, which, according to the Boring Company's concept, would take just eight minutes per 11-mile ride. O'Hare is roughly 17 miles from the heart of the city.

Skates will leave each station as frequently as every 30 seconds, operating 20 hours per day, seven days a week.

As for how much it would cost Chicago travelers to ride on the system, the Boring Company says that while it's not yet finalized, the fare "will be less than half the typical price of taxi/ride-share services", but higher than the city's Blue Line train from O'Hare - which now costs $5, as a special fare. Exact project costs and construction timelines will be negotiated with the contract. Chicago Deputy Mayor Robert Rivkin said the process is expected to move quickly. "The express service will offer a myriad of benefits to the city, travelers, and residents: providing a faster commute between the airport and downtown; helping to mitigate congestion on the region's roadways; fostering economic growth and creating jobs throughout the lifetime of the project", the city's press release noted. The company has been digging under a SpaceX parking lot, while its application to dig a tunnel beneath Los Angeles and Culver City is caught up regulatory obstacles and legal challenges.

The deal comes about a month after Musk unveiled a plan to burrow a high-speed network of "personalized mass transit" tunnels under Los Angeles that he said could be built without disturbance or noise at the surface.

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