Musk’s firm, the Boring Company, won a four-company competition to build and operate the underground loop. The skates, according to a fact sheet from the company, would probably run every 30 seconds, 20 hours per day, the company said. The skates would be battery-powered and “autonomous,” of course, meaning no driver.
The project will be entirely privately financed, Musk’s company said. The operating firm will keep the revenue collected from passengers and any revenue from concessions. The fare would be about $25, less than the average $45 taxi trip but more than Chicago’s Blue Line route from O’Hare. No opening day for the Chicago Express Loop was offered. It should also be noted that, historically, big transportation projects seldom finish on time or on budget and sometimes are never completed at all.
Indeed, the shell of the station to be used for Musk’s loop already exists, deep below the spot known as Block 37 between State and Dearborn streets and Randolph. It’s been sitting empty and unused for more than a decade — known as part of the “subway to nowhere” — a testament to the dreams of rapid journeys to O’Hare the city ultimately couldn’t afford and for which it is still paying.
But in interviews with Chicago newspapers, Emanuel expressed great faith in the ability of Musk, father of the Tesla and SpaceX, to deliver at a cost of roughly $1 billion or less.
“We’re taking a bet on a guy who doesn’t like to fail — and his resources,” he told the Chicago Tribune. “There are a bunch of Teslas on the road. He put SpaceX together. He’s proven something. The risk — with no financial risk — is I’m betting on a guy who has proven in space, auto and now a tunnel that he can innovate and create something of the future,” he said. “Given his track record, we are taking his reputation and saying, ‘This is a guy in two other transportation modes who has not failed.’ That’s what we’re doing.”
“We’re talking about a Tesla-in-a-tunnel,” Chicago Deputy Mayor Robert Rivkin told the Chicago Sun-Times. As for the risk of an unproven technology, Rivkin told the paper that the “only real risk to the city is that it doesn’t get built. … It’s not much of a risk to have a partially built, essentially cave-in-proof sealed tunnel 30 to 60 feet underground in some portion of the city.”
“Getting from downtown to O’Hare or O’Hare to downtown is a race against time,” Emanuel told the paper. “We’re going to give people a leg up.”
The Boring Company also has big plans for the Washington area. Maryland’s Department of Transportation gave conditional approval to the construction of a tunnel from Baltimore to Washington for a super-high-speed transportation system, The Washington Post reported in October.
A news conference is scheduled for Thursday to discuss the plans.