Busier than Midway | Multi-Purpose Hub | Midwest Gateway | International Connections
Union Station's could become the hub of a regional 220-mph high-speed rail system linking Chicago to Minneapolis, Cleveland, Detroit, Cincinnati, and St. Louis.
Ridership could increase Union Station's intercity boardings by 8 million per year - a surge of nearly 700%.
The economic impact would be staggering. New jobs and business opportunities will support and enhance the Midwest's global competitiveness by linking the financial, educational, technology and medical research resources of the entire region to produce:
- $13.8 billion per year increase in business sales for the Chicago Metro area alone,
- 104,000 new jobs and an additional $5.5 billion in wages each year in the Chicago Metro area resulting from increased economic activity,
- $314 million in new annual visitor spending in downtown Chicago.
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.
According to the Midwest High Speed Rail Association’s 2011 study, “The Economic Impacts of High Speed Rail: Transforming the Midwest,” a four-spoke, 220-mph bullet train network linking Chicago to Minneapolis, Cleveland, Detroit, Cincinnati, and St. Louis would serve 43 million annual riders and generate over $2 billion in ticket revenue alone.