Chicago Transit Agency Puts Properties Up For Sale to Raise Cash

The Chicago Tribune reports:

For commuters looking to buy a home or start a business near a transit line, the Chicago Transit Authority may have just the deal.

The CTA is opening up its vast real estate portfolio in Chicago and the suburbs in a bid to sell or lease surplus properties and bolster the transit agency's sagging bottom line.

The timing of this endeavor to unload non-essential assets could hardly be worse, given the sorry state of the economy.

Did you believe the National Association of Realtors line,all these years,they don't make anymore real estate? Guess again,governmental bodies own a lot land that can be sold.