Mayor Emanuel to announce members of City Trust
Mayor Rahm Emanuel is expected to announce the members of a new board created to lure billions from private investors to help pay for public projects in Chicago.

The first chairman of the Chicago Infrastructure Trust will be James Bell who recently retired as executive vice president of Boeing Corporation.

Also on the board will be Diana Ferguson, a former chief financial officer at Sara Lee Foodservice; David Hoffman, the former city inspector general; Jorge Ramirez, president of the Chicago Federation of Labor; and 10th Ward Alderman John Pope.

The board will create deals with private investors as members of a nonprofit trust not subject to all the same rules as city government.