Bank closes, bike racks removed with Loyola L station remodeling
Posted by loyolastudentdispatch on March 18, 2012
There will be no more banking or biking at the Loyola Red Line Station , as a bank and the bicycle racks will be removed to make way for renovations being made to the station.
The relocation is due to renovations that will be made to the Loyola Red Line Station later this year by the Loyola University Chicago and CTA team. Loyola has negotiated with it’s long term tenants, McDonald’s and Harris Bank, to demolish the building they reside in and develop an open plaza.
The bank will be located in a building at 6443 N. Sheridan Road and will open for business on Monday, April 23.
The bicycle racks inside the Loyola Red Line station are scheduled to be removed on Monday morning due to renovations and will be replaced by newer racks at a later time.Neon signs are taped to all the bike racks warning the current users to remove their bikes immediately.
For additional information contact the Chicago Department of Transportation Bicycle Program
The Loyola Station will receive renovations thanks to a $7.5 million grant from U.S. Senator Dick Durbin and additional funds from the CTA.
In 2005, as part of setting the redevelopment priorities for the Devon-Sheridan Tax Increment Financing District (TIF), the community loudly and consistently proclaimed that the red line stop at Loyola was the top priority for the betterment of North Sheridan Road. Since 2005, Loyola has been lobbying to highlight the problems at the station and generate the interest that led to the $10 million commitment.
The funding will allow for safe & dry maintenance that includes new windows, flooring, plaster, paint, lighting, bird control and water proofing. At the viaduct the CTA will strip seal the structural joints and repair the columns.
Additionally, Loyola is working with the CTA to move the entrance to the station further north and west along the embankment. The goal is to create a safer and more inviting pedestrian entrance to the station and to the community. Loyola is negotiating with its long-term tenants, McDonald’s and Harris Bank, in order to demolish the building and develop an open plaza. The plaza will add approximately $2 million to the project that Loyola will contribute.
The entire project is in the CTA’s design phase and work on the viaduct could begin as early as August. The new entrance and plaza timeline is not yet established.