. The railway terminal problem of Chicago; a series of addresses before the City club, June third to tenth, 1913, dealing with the proposed re-organization of the railway terminals of Chicago, including all terminal proposals now before the City council committee on railway terminals. . dto expend about $30,000,000 in rehabilitating their properties. Thebest architects, informed, unbiased and unprejudiced, cannotpossibly see how they will spend more than $4,000,000 to $5,000,000at the outside in terminals and terminal buildings. It must followthen that at least $25,000,000 will go into real es
. The railway terminal problem of Chicago; a series of addresses before the City club, June third to tenth, 1913, dealing with the proposed re-organization of the railway terminals of Chicago, including all terminal proposals now before the City council committee on railway terminals. . dto expend about $30,000,000 in rehabilitating their properties. Thebest architects, informed, unbiased and unprejudiced, cannotpossibly see how they will spend more than $4,000,000 to $5,000,000at the outside in terminals and terminal buildings. It must followthen that at least $25,000,000 will go into real estate holdings forrights of way and other purposes. To take out of the west side$25,000,000 of property now assessed upon a commercial basis willreduce the tax income from that property $375,000 a year, becauserailroad property is taxed according to the flat rate of so much permile of track within the city. That $375,000 annual tax loss mustbe sustained by west side property holders. Now for the other side of the ledger. Suppose we could reclaimfor commercial uses a large amoimt of property used by railroads inthe central district, which we can do in the course of a few jears,under the plan which I am about to describe, proposed by the 19 THE RAILWAY TERINIIXAL PROBLEM OF CHICAGO.
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Keywords: ., bookcentury1900, bookdecade1910, booksubjectrailroa, bookyear1913
