The results of this study demonstrate both the feasibility and the tremendous promise for this network:
The economic impact of the 220-mph network on Chicago would be staggering. New jobs and business opportunities will support and enhance the Chicago metropolitan area’s global competitiveness and help Chicagoland maintain its preeminence as a global center by linking the financial, educational, technology and medical research resources of the entire region to produce:
Estimated annual total economic impacts of Chicago-based HSR service in 2010
New jobs in the Chicago metropolitan area alone represent $118 billion in wages over 30 years, and the new business sales generated by economic activity associated with the HSR system are estimated to be almost $300 billion over 30 years.
The study estimates that the system would cost about $58 million per mile, or a total of $83.6 billion, putting it in the range of similar systems already operating around the world. Construction can be phased over time to meet the demands of the Midwest travel market.