Board Approves Sale of Property to City Colleges
The Chicago Transit Board today approved an intergovernmental agreement with City Colleges of Chicago for the sale of a surplus parcel of land adjacent to the Wilson Red Line station. City Colleges? Truman campus will build a facility which will include a parking garage with approximately 1,100 parking spaces ? 200 of which will be licensed to the CTA for use as Park & Ride spaces.
On an average weekday, over 5,000 customers board at the Wilson station.
"This is not only great news for Truman College, which is in need of additional space for its students, but also for CTA customers who use the Red Line who now will benefit from the convenience of additional Park & Ride spaces," said CTA President Ron Huberman.
Park & Ride services are currently available for approximately 6,200 cars at facilities adjacent to 18 CTA rail stations throughout the system. The Howard station is currently the only other Red Line location with Park & Ride facilities.
"Truman College is pleased to partner with CTA to provide additional parking for the uptown community residents and citizens of Chicago," said Truman College Interim President Lynn Walker. "For our students, staff and faculty this building will allow them access to a state-of-the-art facility and will consolidate student services into one central location on the first floor of the parking garage. This is service excellence at its best."
The property, located between West Montrose Avenue and West Wilson Avenue, will be sold to City Colleges for $1.1 million. As part of the purchase price, City Colleges will grant CTA a 15-year license for up to 200 Park & Ride spaces. City Colleges will build and operate the facility.
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