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TARP's large tunnels and reservoirs are designed to reduce the amount of combined sewer overflows (CSOs) and hold the polluted water until it can be fully treated at MWRD water reclamation plants. Since the TARP tunnels went online, the average annual number of days with CSOs has been reduced to 50 from 100.
Aerial view of Phase II of the McCook Reservoir under construction in 2023. The Tunnel and Reservoir Plan (abbreviated TARP and more commonly known as the Deep Tunnel Project or the Chicago Deep Tunnel) is a large civil engineering project that aims to reduce flooding in the metropolitan Chicago area, and to reduce the harmful effects of flushing raw sewage into Lake Michigan by diverting ...
The Emergency Economic Stabilization Act created the Troubled Asset Relief Program to administer up to $700 billion. Several oversight mechanisms are established by the bill, including the Congressional Oversight Panel, the Special Inspector General for TARP (SIGTARP), the Financial Stability Oversight Board, and additional requirements for the Government Accountability Office (GAO) and the ...
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TARP allowed the United States Department of the Treasury to purchase or insure up to $700 billion of "troubled assets," defined as "(A) residential or commercial obligations will be bought, or other instruments that are based on or related to such mortgages, that in each case was originated or issued on or before March 14, 2008, the purchase of which the Secretary determines promotes ...
In 2021 LaserShip acquired west coast delivery service OnTrac Logistics, Inc. for $1.3 billion, equivalent to $1.51 billion in 2024. [6] The two entities merged their delivery networks to form a transcontinental delivery network and rebranded their combined services to OnTrac.