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The proposals for the regional high speed rail systems have been submitted as each region is competing for part of the $8 billion payday, but the Midwest region, with Chicago as its hub, got a big boost from V.P. Joe Biden who called the Midwest proposal, "one of the most comprehensive plans that have been put forward so far." In total, the system would cost around $9.6 billion and take 10 years to complete. [Tribune]
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NYT article detailing how the city will spend all of the money from the parking meter lease by 2010.
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