What if you could travel to Chicago from the Cleveland Region in less than 30 minutes?? That could become a reality through a new partnership hoping to bring futuristic technology to the region!
Hyperloop brings airplane speeds to ground level, safely. Passengers and cargo capsules will hover through a network of low-pressure tubes between cities and transform travel time from hours to minutes.
Developing Hyperloop in Northeast Ohio and the Midwest:
There has been significant worldwide research regarding the development of a Hyperloop transportation system. The concept is being pursued by several private interests looking to develop initial corridors, in coordination with the U.S. Department of Transportation.
In January 2018, a bipartisan group of eight Midwestern lawmakers sent a letter to President Donald Trump seeking support for the Hyperloop to accelerate the development of this technology and the opportunities it could create for Ohio and other Midwest states. View the letter here.
“We are thrilled to be collaborating with partners that have vision and are at the forefront of this technology, such as members of the Northeast Ohio legislative delegation Congresswoman Marcy Kaptur and Congressman Bob Gibbs,” said Grace Gallucci, NOACA's Executive Director. "At NOACA, we believe in investing in projects that promote mobility options and improve quality of life,” Gallucci continued. “As a new fifth mode of transportation, the Hyperloop has the potential to become truly transformative for our region and for the country!”
NOACA's Board has authorized $600,000 to pursue a Public-Private Partnership (P3) and seek professional services to conduct a feasibility study for a multiregional Hyperloop transportation corridor.
The preliminary estimate for the feasibility study is $1.2M, with the expectation that the cost would be shared by the P3 partners, with the NOACA share being commensurate with the other private entities, in an amount not to exceed 50 percent, or $600,000.