P3 in the frame for Chicago megaproject

The State of Illinois is looking for consultants to help assess a potential P3 for the One Central Chicago development.

Under the wide reaching plans, private partners will be sought to deliver a major new multi-modal transit hub in Chicago, connecting Metra, CTA, Amtrak and the new CHI-Line central area circulator system. The project could also potentially feature a transit-oriented development.

According to the tender, the P3 project is currently being considered by the state, and is now seeking consultants to conduct a feasibility study and cost-benefit analysis.

“This unique P3 can achieve transformative change for the South Side communities, businesses and residents,” said SouthSideWORKS, one of the bodies in charge of the future development.

Responses are due January 31, 2023. The tender can be found by clicking here.

Earlier this year, P3 Bulletin took a deep dive into Chicago’s burgeoning P3 scene, as it looks to tap the model for availability projects such as bridges and EVs. Click here to read more.