WTH (What the Heck)? and BTW did Trains ever cover this?- Could be that the real use was a bomb shelter for bank executives in case La Salle street ever got hit by the the Russians.
http://www.nbcchicago.com/investigations/How-Chicago-Spent-400M-On-a-Subway-Superstation-to-Nowhere-293754431.html
The station was a proposed part of the Block 37 development and would have served as a station for a proposed express rapid transit service to O'Hare on the Blue Line. It was discontinued due to cost overruns and the fact that an express service was impractical.
Shades of the Cincinnati Subway built in the late 20's and no trains ever entered it. See:
https://en.wikipedia.org/wiki/Cincinnati_Subway.
The subway bonds were paid off in 1966 at a total cost of $13,019,982.45.
Today, a water main runs through part of it.
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