Elon Musk's Chicago Loop May Be Ambitious to a Fault
*By Britt Terrell*
Elon Musk is a man with ideas...a lot of them.
But Vanity Fair's Maya Kosoff wonders if his latest project may be more than he can handle.
The Tesla and SpaceX CEO won his bid to build a tunnel from downtown Chicago to O'Hare International Airport, partnering with Mayor Rahm Emanuel to modernize the city's struggling transportation system.
The task, though, may be particularly tricky.
"With public infrastructure, you have contracts with the government, and digging a tunnel underneath the city literally disrupts people's lives. I think it's more impactful so therefore it's kind of the most difficult (problem) to solve," Kosoff said.
The issues are only exacerbated by the fact that the airport link is far from Musk's only project. His SpaceX still aims to send humans to Mars by 2014, and Tesla is developing new cars and trucks, even as it continues to struggle with meeting production targets and burns through cash.
And in her article, ["Is Elon Musk Scamming Chicago?"](https://www.vanityfair.com/news/2018/06/is-elon-musk-scamming-chicago), Kosoff points out that the cost and the time it will take to construct the Chicago Express Loop may also be far higher than anticipated.
"It's supposed to cost a billion dollars," Kosoff said. "But look at the cost of other public infrastructure projects in the country. It cost a billion dollars to build less than a mile of the expanded Q train on \[New York City's\] Upper East Side."
Musk estimates the 18-mile track will take three years to complete and says his Boring Company - not taxpayers - will foot the bill.
For the full interview, [click here](https://cheddar.com/videos/elon-musks-next-big-endeavor).
James Gallagher, CEO and Co-Founder of GreenLite, discusses the challenges of rebuilding the fire-affected LA area and how permitting complicates the process.
Super Bowl Champion, Julian Edelman, talks Chiefs' conspiracies, his fave TSwift song and his bet for Super Bowl LIX. Plus, the best time for a bathroom break.
Ron Hammond, Sr. Director of Government Relations at the Blockchain Association, breaks down Trump’s plan to strengthen U.S. leadership in financial technology.
BiggerPockets Money podcast is now available on Cheddar Wednesdays at 10am ET! Mindy Jensen shares how her podcast is helping people gain financial freedom.
The social video platform's future remains in doubt, as players scramble to profit from the chaos. Plus: Big oil gets bigger, DOGE downsizes, and tariffs!
Ty Young, CEO of Ty J. Young Wealth Management, joins Cheddar to discuss Trump's moves as he returns to Washington D.C. and how it may affect the U.S. economy.
Starbucks’ decision to restrict its restrooms to paying customers has flushed out a wider problem: a patchwork of restroom use policies that varies by state and city. Starbucks announced last week a new code of conduct that says people need to make a purchase if they want to hang out or use the restroom. The coffee chain's policy change for bathroom privileges has left Americans confused and divided over who gets to go and when. The American Restroom Association, a public toilet advocacy group, was among the critics. Rules about restroom access in restaurants vary by state, city and county. The National Retail Federation says private businesses have a right to limit restroom use.
President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.
Chris Ruder, Spikeball Founder and CEO, explains how he and his friends put roundnet on the global map, plus, how Spikeball helps people "find their circle."