This undated artist's rendering provided by The Boring Company, shows part of a proposed high-speed underground transportation system that will transport passengers from downtown Chicago to O'Hare International Airport. Yahoo Finance's Stephanie Sy, Dion Rabouin and Ethan Wolff-Mann discuss. "If we succeed, it's gonna be a great thing for the city, if we fail, well I guess me and others will lose a bunch of money", said entrepreneur and businessman Elon Musk. Better, but it still takes 40 minutes to make the trip. A new station would be built downtown to accommodate this express line. Experts have raised concerns over the financial viability of Loop transportation systems, as well as potential environmental and legal challenges. (This means there will be a Loop to The Loop-very cute, Chicago.) Unlike the Hyperloop idea, the tunnels will not be depressurized. It also requested that fares be less than the current rate for ride-shares and taxis on the same journey.
The company has designed a system that uses computer-controlled electric-powered wheeled "skates" that can travel at speeds of up to 150 miles per hour while carrying passengers, goods or vehicles riding on top of them.
As for how much it would cost Chicago travelers to ride on the system, the Boring Company says that while it's not yet finalized, the fare "will be less than half the typical price of taxi/ride-share services", but higher than the city's Blue Line train from O'Hare - which now costs $5, as a special fare. The planned route travels straight northwest from downtown following public way alignments. Shuttles would leave as frequently as every 30 seconds, and the system would operate 20 hours every day. That price tag would be significantly lower than recent subways built in the United States, which have cost from $600 million to over $2 billion per mile. "The express service will offer a myriad of benefits to the city, travelers, and residents: providing a faster commute between the airport and downtown; helping to mitigate congestion on the region's roadways; fostering economic growth and creating jobs throughout the lifetime of the project", the city's press release noted. Boring gets exclusive rights to negotiate with the city for the next 12 months. It is unknown when the project will go online, but the concept has made some headway in major U.S. cities.
One Chicago politician did voice doubts.