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
The Chicago Park District Board of Commissioners, on January 14, 2015, authorized an Intergovernmental Agreement with the Chicago Infrastructure Trust to provide energy efficiency services to up to 68 parks districtwide. The Trust, as project owner, will undertake the development, acquisition, and construction of the project with the District’s obligation limited to the energy savings produced by the project through an Energy Savings Agreement (ESA) structure.
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
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)
The Chicago Infrastructure Trust has applied for a State Planning and Research (SPR) grant totaling $350K, related to its proposed Compressed Natural Gas (CNG) initiative. The funds are provided by the Federal Government and allocated by the Illinois Department of Transportation (IDOT). The grant would reimburse 80% of the cost associated with developing a CNG initiative plan and includes: Strategy development Market-incentive analysis Gas supply / demand analysis
Grant applications, valued at $2M and relating to the Trust’s Combined Heat and Power (CHP) initiative, have been submitted to the Illinois Department of Commerce and Economic Opportunity (DCEO). The Trust, along with participating City agencies and engineering contractors, submitted seven total grant applications that would help complete CHP-related projects across Chicago Public Schools, the Chicago Department of Aviation, the Department of Water Management, and the Metropolitan
The Chicago Infrastructure Trust, in coordination with the Public Buildings Commission and 2FM, is pleased to provide an implementation update for the Municipal Buildings Retrofit initiative, as of October 31, 2014. To view the progress report, please click here.
The Chicago Infrastructure Trust has announced the receipt of two, separate unsolicited proposals to implement Combined Heat and Power (CHP) systems throughout the City. As per the Trust’s Contracting Manual, an Open Bidding Process has been initiated, and any alternative proposals are due by October 24, 2014 at 9AM CT.
On August 11, 2014, the Chicago Infrastructure Trust relocated its headquarters from the Merchandise Mart to the historic Jewelers’ Building at 35 East Wacker Drive, Suite 1450, a map of which is available here. Additionally, the Trust is pleased to welcome Mike Miretti, Managing Director, and Rhea Coleman, Office Manager, as its newest full time employees.
The Chicago Infrastructure Trust has contacted the National Renewable Energy Lab (NREL) to apply for a “Tiger Team” grant for technical consultancy reimbursement related to its Compressed Natural Gas (CNG) Open Bidding Process, a service valued at up to $30K. The NREL approved the project on October 29, 2014 and is in the process of finalizing non-disclosure agreements with the Trust to exchange data and