CHICAGO | General Discussions

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Originally Posted by bnk

https://www.chicagobusiness.com/greg-hin...-developer-51-billion-under-pending-bill

Greg Hinz On Politics


May 31, 2019 06:48 PM |updated 16 hours ago



State could pay South Loop developer $5.1 billion under pending bill



Illinois could be on the hook for billions if a provision aimed at speeding up construction of a megaproject near Soldier Field is approved this weekend by lawmakers.

Looks like this was jammed through via the BIMP bill which could be approved by the Senate this afternoon.

I like others am skeptical of this deal. They are doing a lot of overselling with this proposal. I get that they are going through the GA to get financial support for a mass transit hub but I'd rather see these projects develop organically without the need of passing legislation. If there is a need/demand for this project then it should succeed through private funding alone.