Wins O'Hare Airport train contract

Chicago Cityscapes And City Views

The Boring Company is on its way to Chicago.

The Chicago Infrastructure Trust, acting on behalf of the City of Chicago, chose the Boring Company's proposal for the Chicago Express Loop service from downtown Chicago to Terminals 1 - 3 at the city's O'Hare Airport - where almost 80 million passengers boarded or disembarked at the IL airport in 2017.

The Chicago and Los Angeles projects come as Musk wrestles with production problems for the rollout of his highly anticipated Model 3 sedan at Tesla TSLA.O , with some investors concerned his overlapping leadership roles at Boring and his rocket-building firm SpaceX has him spread too thin.

If there is anything one should know about Elon Musk's Boring Co., it's that there is nothing boring about it all.

Musk has said he believes his Hyperloop concept could be the solution to traffic gridlock in Los Angeles, Chicago, and other major metropolitan areas. The Boring Company is promising that the system will transport passengers in 12 minutes with automated electric cars that carry 16 passengers (and their luggage) to a vehicle. The work would be done by Musk's The Boring Company, which is now building a test tunnel in Los Angeles.

The skates will leave every 30 seconds and the system will operate 20 hours a day, seven days a week, the company said. And the project would-use the long mothballed CTA "superstation" under Block 37 as a terminal, with the end point located near the CTA's Blue Line terminus close to O'Hare terminals but outside of the airport's security perimeter.

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Musk's plan proposes a 16-passenger autonomous vehicle that can whip passengers at speeds up to 100 miles per hour through tunnels between the airport and downtown.

Chicago was at least the third city to enter negotiations with company founded by Elon Musk to build subterranean transit. Last year, Musk won permission from Maryland officials to dig a 10.1-mile tunnel "beneath the state-owned portion of the Baltimore-Washington Parkway, according to the Baltimore Sun". "The risk-with no financial risk-is I'm betting on guy who has proven in space, auto and now a tunnel, that he can innovate and create something of the future".

"We're taking a bet on a guy who doesn't like to fail - and his resources".

So far, there have been no public demonstrations of The Boring Company's technology, with most details outlined only in conceptual sketches. The project is expected to cost less than $1 billion. A source told The Chicago Tribune that the target is in the $20 to $25 range. The website says a skate could also hold "a single passenger vehicle".

A Boring Company spokesman said Thursday the company is "really excited" to work with the city.

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