From Governor Bruce Rauner:
ICYMI: Legislation Refiled to Sell Thompson Center
Selling building could net state taxpayers $220 million; generate $45 million in property taxes for the City of Chicago
The following is an excerpt of a story from Crain’s:
Gov. Bruce Rauner and other Republican lawmakers are making a second run at selling and demolishing James R. Thompson Center in the Loop, which they say could add hundreds of millions of dollars to state and local coffers. […]
This time around, the state’s Department of Central Management Services is providing specific estimates of how much a sale of Thompson Center would boost the state’s finances. A sale would generate potential net proceeds of $220 million and would prevent the state from addressing $326 million in deferred maintenance on the building, according to CMS. […]
A sale and redevelopment of Thompson Center also would generate transfer taxes and future property taxes for local government, (House Minority Leader Jim) Durkin said.