Archive for ‘Press Releases’

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

Project Seeks to Revamp City Street Lighting Fixtures and Infrastructure and Chicago Park District Pathway Lighting Without Additional Taxpayer Funds Mayor Rahm Emanuel and the Chicago Infrastructure Trust (CIT) today released a Request for Information (RFI) for the Chicago Smart Lighting Project, which seeks to update the City of Chicago’s electric lighting infrastructure. The goal of the Smart Lighting Project is to transition the City’s

Trust Launches Open Bidding Process for Metal Reclamation Initiative

The Chicago Infrastructure Trust has launched a Competitive Open Bidding Process for its Metal Reclamation initiative. It follows receipt of an unsolicited proposal to extract metal from City and Chicago Park District land and with the assurance that the land will be returned to its pre-project and/or enhanced state and provide a revenue stream to the City/Trust. Any party that wishes to offer its proposal for this

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