This is terrible. $25 for 12 minutes from one place in the loop to O'Hare CTA is $2.50 for 37 minutes (the $5 is if you start from O'Hare) This is only benefitting people for whom 25 minutes is worth $20/$22.50. $1bn or whatever absurd cost it comes out to be is much better spent on improving transit for the actual public. Or you know, to stop shutting down schools. EDIT: typo
Not to interfere with your cynicism, but the important information here is that Boring Co. is funding the construction itself. It's not public money being spent, and schools would be unlikely to receive any extra funding without this project. And, of course, this project is far more important as a real-world proof-of-concept for the technology than it is for its expected use for travelers. Reducing tunnel costs by 95…
It's not uncommon for projects to start out that way, and then magically, public money starts appearing anyway.
If this really remains a privately financed project (financed out of the deep pockets of Musk's companies, and completed on time due to Musk's uncannily accurate forecasts), then more power to them!