Chicago Sun-Times

Pace's new headquarters

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In case you missed our extremely short story in the paper today, Pace is moving ahead with plans to build a new headquarters, right next to its current home in Arlington Heights.

The timing may seem off, given the possibility that Pace might have to consider fare hikes or service cuts to balance its budget. But Pace officials say the move is necessary, because Pace's current building is well past its prime and would cost more money than it's worth to fix.

Repairing the 45-year-old building's heating and air conditioning alone would cost Pace $3.5 million, the agency says.

That's why Pace approved a $13.7 million contract Wednesday to build new digs. The low bidder was Mt. Prospect-based Nicholas and Associates.

Grants from the federal government will cover $7.5 million of the cost, and another $3.3 million will come from the RTA. Pace is contributing $2.6 million.

The new building, which has been in the works for 12 years, is scheduled to be complete by this time next year.

In the meantime, Pace officials are raising the specter of fare increases and service cuts by 2008, if Springfield legislators fail to provide adequate funding for the agency, whose $23 million deficit is a larger percentage of its budget than the CTA's $110 million hole.

For you Pace riders out there, does the timing of the Pace headquarter news bother you, or is it no big deal?

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This page contains a single entry by Monifa Thomas published on June 7, 2007 3:51 PM.

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