Chicago gets $153 million for traffic fixes

The city of Chicago will receive $153 million in federal funds over two years to test ideas aimed at reducing traffic congestion.

Chicago plans to use a carrot and stick approach to improve traffic movement.

The carrot is 10.2 miles of traffic lanes dedicated to bus service during rush periods, traffic lights that turn green automatically for hybrid and articulated CTA buses. It also calls for fewer bus stops and front and rear boarding by passengers who pay in advance at kiosks or portable fare boxes.

The stick is higher prices for on-street parking and loading zones during peak periods in congested areas and higher parking taxes at private garages and lots in the Central Business District.

U.S. Transportation Secretary Mary Peters is calling Chicago's plan "ambitious, bold and innovative."