News Brief: Bloomberg News is quoting unnamed sources as saying that Elon Musk’s Boring Company will get the go-ahead to build a multibillion-dollar express transit system between downtown Chicago and O’Hare International Airport. The sources are quoted as saying that the Boring Company beat out bids from the Mott MacDonald engineering firm and JLC Infrastructure, a venture backed by former basketball star Magic Johnson. The announcement could come as early as Thursday. Under the arrangement with the Chicago Infrastructure Trust, the Boring Company would bear the cost of building and operating the system, and recoup its expenses through fares, advertising and other private revenue sources. The Boring Company is also working on tunnel networks in the Los Angeles area and Maryland.
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