SELL/LEASE THOMPSON CENTER
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SB 2187 — SELL/LEASE THOMPSON CENTER
Last action — Session Sine Die
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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2In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill died with 99th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Amends the State Property Control Act. Specifies that the administrator is authorized to dispose of the James R. Thompson Center in 3 ways. Allows the administrator to sell the real property by auction. Allows the administrator to sell or lease the real property pursuant to a competitive sealed bid. Allows the administrator to enter into a lease, a public-private partnership with a real estate developer, or other agreement that directly or indirectly gives the State a right to use, control, or possess some portion or interest in the real property. Provides that all moneys received from the sale or lease of the real property shall be deposited into the General Revenue Fund. Authorizes the administrator to enter into any agreements and execute any documents necessary. Provides that any agreement to sell or lease the real property must be entered into no later than 3 years after the effective date of this amendatory Act. Effective immediately.
Bill Text
- Introduced View text Current html
AI-generated reading aid from the bill's amendatory text — verify against the official bill.
The bill adds provisions for the disposal of the James R. Thompson Center, detailing methods for sale or lease and requirements for appraisals.
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30 ILCS 605/7.7
Sec. 7.7. James R. Thompson Center. (a) Notwithstanding any other provision of this Act or any other law to the contrary, the administrator is authorized under this Section to dispose of the James R. Thompson Center located in Chicago, Illinois in any of the following ways: (1) The administrator may sell the real property as provided in subsection (b). (2) The administrator may sell or lease the real property as provided in subsection (c). (3) The administrator may enter into a lease, a public-private partnership with a real estate developer, or other agreement that directly or indirectly gives the State a right to use, control, or possess all or part of the real property. Notwithstanding any other provision of law, a lease entered into by the administrator under this paragraph (3) as either landlord, tenant or partner may last for any period not exceeding 150 years.
This addition explicitly authorizes the administrator to manage the disposal of the James R. Thompson Center through specified means.
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30 ILCS 605/7.7
(b) The administrator shall obtain 3 appraisals of the real property transferred under paragraph (1) of subsection (a) of this Section, at least one of which shall be performed by an appraiser residing in the county in which the real property is located. The highest appraised value from the 3 appraisals received plus the cost of obtaining the appraisals shall represent the fair market value of the real property only for the purposes of subsection (b). No property may be conveyed under paragraph (1) of subsection (a) of this Section by the administrator for less than the fair market value. The administrator may sell the real property by public auction following notice of the sale by publication on 3 separate days not less than 15 nor more than 30 days prior to the sale in a daily newspaper having general circulation in the county in which the real property is located.
This requires appraisals for the property and establishes a fair market value threshold for its sale.
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30 ILCS 605/7.7
(c) The administrator may sell or lease the real property pursuant to the competitive sealed proposal process under Section 20-15 of the Illinois Procurement Code. The price may be lower than the established fair market value as determined under subsection (b). Any lease entered into pursuant to this subsection is subject to the period limitation provided in paragraph (3) of subsection (a) of this Section.
This allows the administrator to engage in competitive sealed proposals for selling or leasing the property, even below fair market value.
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30 ILCS 605/7.7
(e) All moneys received from the sale or lease of real property under this Section shall be deposited into the General Revenue Fund.
This mandates that all funds from the property's sale or lease are directed to the General Revenue Fund.
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30 ILCS 605/7.7
(g) Any agreement to sell or lease the James R. Thompson Center located in Chicago, Illinois pursuant to the authority granted by this Section must be entered into no later than 3 years after the effective date of this amendatory Act of the 99th General Assembly.
This establishes a three-year deadline for entering into agreements for the sale or lease of the property.
Action History
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Session Sine Die
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Pursuant to Senate Rule 3-9(b) / Referred to Assignments
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Assigned to Executive
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Referred to Assignments
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First Reading
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Filed with Secretary by Sen. Christine Radogno
Sponsors
- Christine Radogno · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 1 co-sponsors · 182 not signed on
Sponsors (0)
None.
Co-sponsors (1)
- Christine Radogno
Not signed on (182)
182 members have not signed on to this bill.
Show all 182 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does SB 2187 do?
- Amends the State Property Control Act. Specifies that the administrator is authorized to dispose of the James R. Thompson Center in 3 ways. Allows the administrator to sell the real property by auction. Allows the administrator to sell or lease the real property pursuant to a competitive sealed bid. Allows the administrator to enter into a lease, a public-private partnership with a real estate developer, or other agreement that directly or indirectly gives the State a right to use, control, or possess some portion or interest in the real property. Provides that all moneys received from the sale or lease of the real property shall be deposited into the General Revenue Fund. Authorizes the administrator to enter into any agreements and execute any documents necessary. Provides that any agreement to sell or lease the real property must be entered into no later than 3 years after the effective date of this amendatory Act. Effective immediately.
- Who sponsors SB 2187?
- SB 2187 is sponsored by Christine Radogno.
- What is the current status of SB 2187?
- This bill died with 99th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SB 2187?
- Track SB 2187 free on One Click Politics — get push/email alerts when it moves.
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