CTA Expansion of El Lines

August 13, 2009

Daily Real Estate Updates

sudler-sothebys-logo13 August 2009 ? In a plan to link under-served areas of the city and near suburbs, the CTA has approved a $2 billion plan to extend three lines by almost ten miles. While similar projects in other cities require the taking of personal property to make room for the new lines, Chicago’s project will use mostly Union Pacific right-of-way property. Residents on the south side, where a six mile extension of the Red Line is planned, have been more supportive than those potentially impacted by the extension of the Skokie Swift Yellow Line. Residents have expressed a concern about a negative impact on their properties driven by close proximity to the one-line elevated tracks planned for the 1.6 mile extension. The project is in the early planning stages, with preliminary engineering to begin next spring, and the CTA board is hoping that federal funds will cover 80% of the costs.

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About Stacy Braack

Stacy is a seasoned real estate professional with a broad range of hands-on experience including first time buyers, investors, luxury homes, and distressed properties. While this may appear to be a scattered set of expertise, she believes the experience provides maximum effectiveness in today's chaotic market, which requires extensive knowledge of all aspects of the industry. Stacy's educational background includes a BS in Industrial Engineering from Stanford University and an MBA in Marketing and Finance from the Kellogg Graduate School of Management. Professionally, Stacy has done everything from operations consulting to city government before she found her passion in real estate almost eleven years ago. It is this passion that drives the most benefit to her buyers and sellers. She is fully committed to your goals - both financial and personal. Her clients describe her as extremely direct, honest, and responsive, and they repeatedly trust her to handle one of the biggest events in their lives. For buyers she works non-stop to find you both a home you will love to live in and one that is a smart investment. Many of her 2008 buyers have realized instant equity in their new homes through 'pit bull' negotiation skills. While the market has been tough for sellers, her listings have sold at a rate above that of the market. Extensive, constant, and extremely high-quality marketing, including both print and internet mediums, support every listing, from investment studios to luxury penthouses. She believes that your goals are her priority and her full-time job. She has built her business on referrals from satisfied clients, and she would love to add you to that list. You can contact her at 773-405-4431 or stacy.braack@sothebysrealty.com

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