Musk's company was selected out of four other bidders.
Announcing the agreement Wednesday night, Adam Collins, a spokesman for Mayor Rahm Emanuel, said the journey will take approximately 12 minutes.
The city has always been looking for a way to address the issue of long transit time between its major airport and downtown.
They plan to utilize the "unfinished underground transit station at Block 37 and create a new station at O'Hare".
The Boring Company has estimated the cost of the project to be $1bn, which would be entirely funded by it in exchange for all revenue from the system's transit fees, advertising, branding and in-vehicle sales.
Woman gets head stuck in truck tailpipe
And with that, we want you to meet Kaitlyn Strom. "It did fit, but it didn't want to come back out", Kaitlyn continued. Video of the rescue was posted on Facebook by Billy Little , and has since been watched over 2 million times.
The company and the city are entering the negotiation phase. The Boring Company previously released video of a very similar project planned in Los Angeles, with the goal of taking passengers from downtown to LAX in just 8 minutes. The plan comes in response to Chicago Mayor Rahm Emanuel's request previous year for proposals to build and operate a high-speed rail line that will whisk passengers from the airport to downtown in 20 minutes or less.
The transport system Boring has proposed is called Loop, a slower version of the Hyperloop that's designed for shorter distances and doesn't require vacuum conditions. Boring gets exclusive rights to negotiate with the city for the next 12 months.
Each electric vehicle in the proposed tunnel system will carry eight to 16 people and travel at speeds of 125 to 150 miles per hour (200 to 240 kph), the company said on its website.
Boring said the fare will be less than half that of a taxi or ride share but more than the fare on the current train system.
An overall project costs and construction timeline will be finalized during this process.
Rush hour gridlock in downtown Chicago could be set to ease thanks to an underground express transportation system that will ferry passengers to the city's O'Hare Airport. The company has been digging under a SpaceX parking lot, while its application to dig a tunnel beneath Los Angeles and Culver City is caught up regulatory obstacles and legal challenges.
Regarding the alliance, we are dealing with all the issues under the premise that we maintain the ironclad joint defense posture. The summer exercise, Ulchi Freedom Guardian, consists mainly of computer simulations to hone joint decision-making and planning.
Speaking about the upcoming series he said: "As a Test team we can not take anyone for granted because cricket is a amusing game". The 25 boundaries and four sixes in the first session was a testimony that there is a long road that Afghanistan need to travel.
The resolution also calls on all sides to respect global law and condemns all acts of violence against civilians. Ambassador Nikki Haley appealed, citing another rule that says only a majority vote was required.
Before her record breaking score, the Wellington Blaze all-rounder had only managed 174 ODI runs in her fledgling career. Kerr, who usually bats down the order, made the most of her promotion to open with a dizzying 145-ball knock.
Salman Khan's fans are going berserk with booking "n' number of tickets before reading the reviews of his film". Zero also stars Anushka Sharma, who will apparently be seen as a scientist struggling to be successful.
The expectations are that the Mate 20 could feature a 6.1-inch display while the Pro variant could have a 6.9-inch display. A report by MacRumors has quoted Ming-Chi Kuo, a noted analyst, who has also revealed the price brackets of these devices.
The first set had taken 57 minutes, in stiflingly humid conditions, but there was to be no let-up for the underdog in the second. Halep could have been forgiven if she had made a decision to give up on her Grand Slam dream throughout this painful process.
The DA's office did not specify the timing of the alleged incident or say how long the case would be under review. Media reports from a year ago , however, outline at least two alleged incidents of sexual assault from his past.
Instead, Tesla's new auto will be a halo product, with performance to beat even the fastest petrol production cars ever made. Tesla owners also need to add an additional $3,000 package called Full Self-Driving Capability.
The software upgrades improve fuel consumption and emissions-neutral performance, and refines the automatic gear selection. The Brembo calipers are painted gold, peaking out from new lightweight wheels for the Volvo S60 Polestar Engineered .
Conor McGregor in plea negotiations after melee
UFC overlord Dana white indicated he has no inside information on Thursday's happenings and will be waiting on tenterhooks. McGregor was subsequently arrested, charged with three counts of assault, one of criminal mischief and released on bail.
UK PM Theresa May backs Trudeau after Trump attacks
But then Trump pulled out of a joint statement while citing "false statements " by Canada's prime minister, Justin Trudeau . He also attacked Trudeau's character, calling the Liberal Party leader meek, weak and dishonest.
US looks to reassure Asian allies after North Korea summit
A man pushes his bicycle near a mural of North Korean leaders Kim Il-sung and Kim Jong-il in Pyongyang after the Singapore summit. Meanwhile, allies and analysts were left scratching their heads over what President Trump and Kim Jong-un actually agreed to .
Victoria Beckham had 'sense of humour' over split rumours
They released a statement through a spokesperson that slammed the rumours as "very bizarre" and an "embarrassing waste of time". The family gathered together to celebrate David's birthday just last month, with son Brooklyn flying in to surprise him.
Raging bull Robert De Niro hits Trump with F-bomb rant
His economic adviser then went on CNN to say that Trudeau had "stabbed Trump in the back" with his comments on tariffs. But, not surprisingly, the Twitterverse blew up with people curious about what De Niro had uttered.