ILLINOIS: Millennium for Straphangers
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Harrington also had a long-range program that made Chicagoans bug-eyed. By upping streetcar and bus fares from 9¢ to 10¢ (El fares would remain at 12¢), he hoped to boost the operational earnings of the combined lines, now taxexempt, to about $14 million a year (last year's earnings: $8,000,000 before taxes). With this money coming in to meet depreciation and debt charges, he planned to spend $150 million on modernization. By 1955, if all went well, Chicago would get 2,900 new buses, 600 new streetcars, 1,000 new El coaches.
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