This comes from Greg Valent, a long-time bike community advocate who attended the meeting and provided this update to the Chicago Critical Mass listserv:
This was great! Well thought out, well presented. Bottom line: 1.5 mile bicycle bridge, $42,000,000.00. Feds 80% already guaranteed, once the city comes up with its share. Hope to start work next year, (yeah, right), with a four year construction schedule. It makes the Bloomingdale Trail seem like a bargain www.bloomingdaletrail.org. The plans and drawings are supposed to be posted on this site soon: www.ward42chicago.com.
Oh, yeah. They're actually going to dip into the outer drive and take away part of the lane alongside Lake Point Tower. They could have saved a lot of trouble and money by just banning cars from the drive.
– Greg Valent