Illinois and Real Estate Developer Agree on Private Toll Bridge Plan

Crain’s Chicago Business reports, “Faced with a shortage of infrastructure capital and a big employer that needs help, the state of Illinois is moving into the private toll bridge business. In a rather unique twist today [July 11], Gov. Bruce Rauner announced a deal under which [logistics facilities and infrastructure developer] CenterPoint Properties will build a $170 million to $190 million private toll bridge linking Interstate 80 and its huge multimodal facility in Will County.” Rauner described the deal, a first for Illinois, as a variation on the P3 model that will reduce commercial truck congestion on local roads and boost the state’s economy.

Chicago Tribune also reports.