Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Lawmakers Enact State Budget with Funds for South Loop Innovation Campus
Illinois’ state legislature has passed a budget on time for the first time since Gov. Bruce Rauner took office. Among the revenue assumptions the budget makes is that the long-stalled sale of the James R. Thompson Center in Chicago’s Loop will finally come to pass during the 2019 fiscal year.
The measure earmarks $500 million for the establishment of an innovation center on the University of Illinois’ South Loop campus. Rauner has pushed for the project.
State lawmakers also okayed $2.2 billion toward an $11.4-billion infrastructure program. “Investing in transportation creates jobs and economic opportunity, improves safety and makes Illinois a better place to raise a family,” Rauner said in a statement. “This plan will make Illinois more competitive while protecting the interests of the taxpayers.”
Get Chicago News in 150 WordsFor comments, questions or concerns, please contact Paul Bubny
- ◦Economy
