Lake Street Elevated Railroad

Lake Street Elevated Railroad
Lake Street Elevated Railroad
	standard gauge
Electrification	Third rail, Trolley wire 600 V DC
Route map
	Legend
	v; t; e;

The Lake Street Elevated Railroad was the second permanent elevated

Green Line route of the Chicago "L"

system.

History

The Lake Street Elevated Railway Company was chartered on February 7, 1888, and granted a 25-year franchise by the city council to build an elevated railroad above Lake Street from Canal Street to the city limits.^[3] It was originally planned that the line would use a steam-powered monorail system that had been developed by Joe Meigs in Cambridge, Massachusetts, however the company eventually chose to use more traditional steam locomotives.^[2]

Construction of the line began in 1889. Potential investors found the franchise too restrictive^[2] and a new 40 year franchise was awarded by the city council in November 1890, that allowed the railroad to extend to Market Street in downtown Chicago. By 1892 the company had debts of $17 million (equivalent to $576 million in 2023^[4]).^{[citation needed]} It was sold to new owners,^[2] renamed the Lake Street Elevated Railroad Company, and a new charter was granted on August 24, 1892.^[3]

The first section, running from the downtown terminal at Market Street and Madison to

Austin Avenue in (what was then) the suburb of Austin via a section of track built at-grade in April 1899.^[5]

References

^ ^a ^b Poor, H.V.; Poor, H.W. (1898). Poor's Manual of the Railroads of the United States. p. 963.
^
ISBN 978-0-7385-5100-5
.

^ ^a ^b Wilcox, Delos F. (1911). Municipal Franchises: A Description of the Terms and Conditions upon which Private Corporations Enjoy Special Privileges in the Streets of American Cities. New York: The Engineering News Publishing Company. pp. 470–477.
^ 1634–1699: McCusker, J. J. (1997). How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States: Addenda et Corrigenda (PDF). American Antiquarian Society. 1700–1799: McCusker, J. J. (1992). How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States (PDF). American Antiquarian Society. 1800–present: Federal Reserve Bank of Minneapolis. "Consumer Price Index (estimate) 1800–". Retrieved February 29, 2024.
^ "Austin Hails Five-Cent Fares". Chicago Daily Tribune. April 15, 1899. p. 5.

External links

Historic American Engineering Record (HAER) No. IL-3, "Lake Street Elevated Railway Interlocking Tower, Pulaski Road, Chicago, Cook County, IL
"

[Poor1898-1] Poor, H.V.; Poor, H.W. (1898). Poor's Manual of the Railroads of the United States. p. 963.

[Borzo-2] 
ISBN 978-0-7385-5100-5
.

[Municipal_Franchises-3] Wilcox, Delos F. (1911). Municipal Franchises: A Description of the Terms and Conditions upon which Private Corporations Enjoy Special Privileges in the Streets of American Cities. New York: The Engineering News Publishing Company. pp. 470–477.

[inflation-US-4] 1634–1699: McCusker, J. J. (1997). How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States: Addenda et Corrigenda (PDF). American Antiquarian Society. 1700–1799: McCusker, J. J. (1992). How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States (PDF). American Antiquarian Society. 1800–present: Federal Reserve Bank of Minneapolis. "Consumer Price Index (estimate) 1800–". Retrieved February 29, 2024.

[Lake_to_Austin-5] "Austin Hails Five-Cent Fares". Chicago Daily Tribune. April 15, 1899. p. 5.

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