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I am a huge fan of all things Red Line, but we are expecting to pay $18 _per trip_ here in track capex alone over the next two decades

Yonah Freemark@yonahfreemark.com

Chicago is breaking ground on the Red Line Extension (RLE) today. RLE is a 5.5-mile extension of the existing L line to the south, with 4 new stations. The elevated/at grade line will cost $5.7 billion and is expected to eventually serve 41,500 daily trips.

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