Council committee approves new CTA board chief

October 5, 2009 (CHICAGO) Once approved by the board, he will replace Carole Brown as board chairman.

Testifying at his Chicago City Council confirmation hearing, Peterson told aldermen he will travel to Springfield later this month to ask for more money for CTA. Peterson said he can't take anything off the table -- including the possibility of fare hikes, service cuts and union givebacks -- to close a $300 million budget gap.

"We got to sit down with the state. We gotta go to the federal government…Labor is one of our partners-- they're part of us, so we've gotta sit down and talk with everybody," Peterson said.

Peterson also acknowledged that, without the 2016 Summer Olympic Games, there will be no federal funding windfall to rebuild Chicago's aging transit infrastructure.

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