The Chicago Infrastructure Trust has launched a Competitive Open Bidding process for its Compressed Natural Gas (“CNG”) initiative. The program’s objective is to create a compelling network of CNG stations that enable vehicle operators to fuel in the City of Chicago. The Trust will play a special, intermediary role and enter into a Master Development Agreement with the selected partner(s), who will have individual agreements
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Trust Launches Solar Energy Open Bidding Process
The Chicago Infrastructure trust is pleased to announce commencement of an Open Bidding Process for its Solar Energy initiative. Any party that wishes to offer its proposal for an energy efficient Solar Energy project is invited to do so at proposal@shapechicago.org by April 17, 2014 at 9 AM CST. If the Trust receives additional proposals from interested parties (other than the proponent of the initial
Trust Launches Open Bidding Process for Museums & Zoos Retrofit
The Chicago Infrastructure trust is pleased to announce commencement of an Open Bidding Process for the Museums & Zoo Retrofit initiative. Any party that wishes to offer its proposal for an energy efficient Museums and Zoos project is invited to do so at proposal@shapechicago.org by April 13, 2014 at 12 PM CT. If the Trust receives additional proposals from interested parties (other than the proponent
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
Park District Enters ESA Agreement with Trust
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.
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)
Trust Applies for CNG Planning and Research Grant
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
Trust Applies for Multiple CHP Grants
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