National Transportation Week, May 15-21, 1960 : Pioneering in Public Transportation By Chicago
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This total includes $27,000,000 in City of Chicago bond funds used to finance construction of the West Side Subway from the Loop to Laramie Avenue. The remaining $75,000,000 was spent for construction of Chi- cago's first two subways, the State Street subway and the Mil- waukee Avenue-Dearborn Street subway. The City financed its share of the cost of the first two subways from the City Traction Fund, which had been built up over the years by franchise pay- ments from privately-owned transit com...panies. The Public Works Administration's contribution to the building of the first two sub- ways totaled $25,967,000. Chicago Plans to Combine Rapid Transit with More Expressways Chicago is committed to combining rail rapid transit with more grade-separated, multi-lane expressways which are now under con- struction or programmed for the immediate future— in the North- west Expressway, which is now nearing completion; in the South Expressway, which is soon to go into construction; and in the Southwest Expressway.
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