USD/BTC = $105,872
Block 900,989
TL:DRThe Brief
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Construction is set to begin for a project to supply Lake Michigan water from the City of Chicago to six southwest suburban communities.
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The municipalities of Joliet, Crest Hill, Channahon, Minooka, Romeoville and Shorewood formed a new water commission to buy Lake Michigan water.
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Studies show that the underground aquifers that currently supply the commission members will no longer be able to meet demand by 2030.
The southwest suburban municipalities banded together to establish the new commission last year to purchase Lake Michigan water through the City of Chicago.
They did so because their current water supply from underground aquifers is projected to be insufficient to meet current needs by the year 2030.Construction on the project will begin at the Southwest Pumping Station at Durkin Park in the Scottsdale neighborhood.
Crews will build a 4-million-gallon water storage facility and two 55-million-gallon-per-day pump stations.The project will continue with 60 miles of water transmission pipes, three pumping stations, and three water storage tanks. Construction of the stations and piping is expected to last until 2029, and the water is expected to start running in 2030, according to the commission.
The total cost is estimated to be nearly $1.5 billion.One of the chief concerns about the project is the
anticipated increase in water bills for residents in the member communities."Nobody wants to see their residents' water bills get absurd and triple and quadruple," DeBold said. "Is there gonna be an impact? Yes, but each municipality is managing that within their own realm."
He said on average, his residents pay about $100 a month for their water, including trash, sewer treatment fees and water consumption. With the new water system, DeBold said he hopes to keep any increase to residents' bills to no more than double.The cities of Joliet and Chicago entered an agreement to supply water through the new system for 100 years. The new commission will be the second-largest water customer in Chicago's water system.As part of the agreement, the agreement is expected to generate about $30 million in annual revenue for Chicago's Department of Water Management.
My Thoughts ðŸ’
Massive water infrastructure project 14 thousand bitcoin to bring water from Chicago to the Southwest. But kudos to the planning team realizing the ground water for this location may not support future growth. Americans are blessed to have such geography and natural resources to make a project like this possible.