Investors News
Current Happenings Around the Chicago Southland
The fastest trains in the Western Hemisphere will ride on products made in south suburban Harvey, economic development officials said Wednesday. Workers at LB Steel near Halsted and 159th streets are fabricating and welding wheel assemblies that will be used when Amtrak begins running 160 mph bullet trains from Boston to New York and Washington, D.C. in 2021.
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South suburban homeowners and business leaders have long warned that Cook County’s high property taxes were squeezing the life out of communities.
High costs were driving people and commerce into neighboring Will County and Indiana, they said. Hard economic times, such as the 2008 financial crisis, seemed to hit people in the Southland worse than in other areas.
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The Village of Sauk Village requests Statements of Qualifications (SOQ) to provide Phase I Engineering Services for the LogistiCenter roadway and rail spur expansion. The Phase I Engineering project is funded through Cook County’s Invest in Cook grant and the Village of Sauk Village.
Congresswoman Robin Kelly recently announced the Chicago Southland Economic Development Corporation has been awarded a $60,700 federal grant to plan an applied research center for testing new technologies that will improve freight movements by creating “smart roads” throughout the south suburban region.
