Archive for ‘News’

Mayor Emanuel Announces New Street Lights; Requests Public Feedback Before Installation

Mayor Rahm Emanuel joined the Chicago Department of Transportation (CDOT) and the Chicago Infrastructure Trust (CIT) today to announce a public demonstration of next-generation streetlights in seven neighborhoods as part of the Chicago Smart Lighting Project, which will upgrade streetlights across the city. Residents are being asked to provide feedback on the new lighting, which represents the latest advances in lighting technology, through the end

Initiative to Improve Quality & Reliability of Chicago’s Streetlights is Moving Forward

Mayor Rahm Emanuel today announced that an initiative to upgrade more than 270,000 of Chicago’s street, alley and park lights to more reliable and higher-quality lighting is proceeding to the final procurement stage. The Chicago Infrastructure Trust’s (CIT) Board of Directors this week  voted to approve the recommendation that nine companies continue to the Request for Proposals stage of the procurement. The nine “shortlisted” bidders

Mayor Emanuel Announces Chicago Home Buyer Assistance Program Is Accepting Applications

Mayor Rahm Emanuel and the Chicago Infrastructure Trust today announced the Chicago Home Buyer Assistance Program is now accepting applications from families and individuals looking to buy a home in Chicago or refinance an existing mortgage. The program helps make home ownership possible for working families and individuals by providing support for down payment and closing costs. “The Home Buyer Assistance Program is another important

Mayor Emanuel Announces Initiative to Improve Quality & Reliability of Chicago’s Streetlights

Mayor Rahm Emanuel today launched a major initiative to upgrade more than 270,000 of the city’s street, alley and park lights to more reliable and higher-quality lighting. Over the next four years the Chicago Smart Lighting Project will improve safety and quality-of-life in neighborhoods across Chicago by replacing nearly all of the city’s outdated and inefficient High Pressure Sodium (HPS) lamps. The project will be

Mayor Emanuel and Chicago Infrastructure Trust Announce Plans to Modernize City Lighting

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Responses to CNG Open Bid Q&A Now Available

The Chicago Infrastructure Trust has released responses to the questions submitted on behalf of the Compressed Natural Gas (“CNG”) Open Bid Proposal, released on April 8, 2015. Please click here to view the responses. Please note that proposals are due on or before Friday, May 29, 2015 at 5PM CST.

Municipal Buildings Retrofit Wins Energy Efficiency Award

The Municipal Buildings Retrofit, as part of Mayor Emanuel’s Sustainable Chicago 2015 Action Agenda, has been awarded the Midwest Energy Efficiency Alliance’s (MEEA) 2015 Inspiring Efficiency Impact Award. “Retrofit Chicago strengthens Chicago by accelerating energy efficiency across the city,” said Karen Weigert, chief sustainability officer with the City of Chicago. “Retrofit Chicago works with multiple partners to make it easier for residents and businesses to

Trust Brokers $32.5M 4G Deal on CTA’s Behalf

Mayor Rahm Emanuel today announced a $32.5 million deal, brokered by the Chicago Infrastructure Trust, with America’s four major wireless providers – T-Mobile, AT&T, Verizon, and Sprint – to finance a network modernization project for the Chicago Transit Authority (CTA) to upgrade the wireless network in the City’s subway system. T-Mobile, AT&T, Verizon, and Sprint have collectively agreed to fund the entire upgrade related to

Trust Announces Senior Hires

The Chicago Infrastructure Trust is pleased to welcome Michael Nicholas as Managing Director.  He will provide financing, project management and relationship-building expertise to the Trust. Previously, Michael served in a variety of senior finance and strategy roles in the restaurant, retail and consulting industries. He has extensive experience in capital raising, operational finance, planning & budgeting, project management, board governance and restructuring/bankruptcy. Additionally, Charisse Conanan

Trust Secures CNG-Related “Tiger Team” Assistance

The Chicago Infrastructure Trust has finalized an agreement with the National Renewable Energy Lab (NREL) that solidifies a working relationship in which the latter’s Clean Cities Technical Assistance (Tiger Team) will provide pro bono consulting services to the Trust over the next six months. Specifically, the Tiger Team will provide the Trust with dedicated technical and analytical alternative fuel expertise for its Compressed Natural Gas (CNG)