CTA unveils proposed Red Line extension to 130th Street

CHICAGO -- The CTA and Mayor Rahm Emanuel have unveiled a plan today to extend the Red Line on the city's South Side.

Right now, the last stop on the south end of the Red Line is 95th Street.

But a new proposal will extend the line to 130th Street.

The five-mile extension would include four new stations: 103rd Street, 111th Street, Michigan Avenue, near 115th Street and 130th Street.

Construction could begin in 2022 and it's expected to cost $2.3 billion.