The projects are among 16 that were awarded in 2015 with funding totaling $810,000. The RTA is providing approximately $85,000 in federal grant and local match funds to support these zoning updates that will encourage transit-friendly development.
The Hyperloop concept, developed by entrepreneur Elon Musk, is a mass-transportation system that can transport passengers between San Fransisco and Los Angeles in less than 40 minutes. Passengers would ride in aluminum pods in sealed tubes, traveling at speeds of up to 800 mph.
CEO Alhorn, who says that he took inspiration for his pricing strategy from video games that use a freemium model, wants "to make [Hyperloop] something you use every single day many times."
A live stream (May 27, 2015) of the opening program at The Chicago Forum on Global Cities. Featured speakers include the president/CEO, MasterCard; former Prime Minister, New Zealand; two former Secretaries of U.S. Treasury; and the editor, Financial Times.
Company President Dr. Jean DellAmore saluted the efforts of the entire Stertil-Koni distributor network at its recent annual meeting and welcomed twelve companies into the company’s highly acclaimed “Million Dollar Club.”