(MCT) — The $1 billion Prairie Parkway, a proposed highway in the Chicago region's far outer-ring exurbs that lost momentum when former U.S. House Speaker Dennis Hastert left office, was officially declared dead Thursday.

The Federal Highway Administration rescinded its approval of the parkway, which would have cut through miles of farmland, after it failed to receive a high funding priority in the Chicago Metropolitan Agency for Planning's "Go to 2040'' land-use and transportation blueprint for the seven-county area.