Chicago Tax Club Shows Interest in I-294 Project
With tax season over, a group of more than 100 Chicago-area tax professionals turned their attention from 1040s to 294 in May – as in Interstate 294.
The Chicago Tax Club recently invited the Illinois Tollway to provide an in-depth look at the $4 billion Central Tri-State Tollway (I-294) Project during its annual joint meeting with the Council on State Taxation in Rolling Meadows.
Deputy Chief of Program Implementation Peter Foernssler, who is responsible for leading the I-294 Project, provided an overview, highlighted key features and discussed its benefits for Tollway customers and the region.
Of particular interest was how the Tollway manages to keep traffic moving through the 22-mile I-294 corridor from 95th Street to Balmoral Avenue with minimal inconvenience to motorists.
Foernssler explained how the Tollway minimizes disruptions for customers by maintaining four lanes of traffic in each direction throughout construction, using shoulder closures and lane shifts to safely accommodate traffic while providing room for a work zone, and by scheduling work to take place on different segments of the roadway at different times. Work on the project started in 2018 and is scheduled to be completed in 2026.
One of the largest and most complex transportation infrastructure projects in the history of the Illinois Tollway, the I-294 Project is providing congestion relief, reconstructing old infrastructure to meet current and future transportation demand and addressing regional needs.
The project includes reconfiguring the I-290/I-88 Interchange at I-294, rebuilding the Mile Long Bridge and the Burlington Northern Santa Fe Railway Bridge, as well as integrating Flex Lanes and SmartRoad technology.
More information about the I-294 Project can be found here.