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Old Posted Oct 28, 2021, 6:30 PM
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https://www.chicagobusiness.com/greg...ed-springfield

GREG HINZ ON POLITICS

Secret grab for $6.5B to fund One Central project gets zapped in Springfield

The sneak play to speed cash to the proposed mega-development near Soldier Field might have passed unnoticed in broader legislation today if the lawmaker representing the neighborhood hadn't caught wind of it. But he did.

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GREG HINZ
On Politics

A secret bid to speed $6.5 billion in state funding for the proposed One Central complex across from Soldier Field appears to have been blocked at the last second—but only after the local state representative started screaming his head off.

The clause was part of a proposed amendment to an unrelated Senate bill. It would take the power to approve the $6.5 billion in state funding away from the governor and instead give it to an obscure agency, the Illinois Finance Authority, which has a close relationship with real estate developers.

Introduced without announcement by Senate Majority Leader Kim Lightford, D-Maywood, early this morning, the measure quite possibly would have sailed through unnoticed.

Instead, it was very much noticed by Rep. Kam Buckner D-Chicago, who represents the south lakefront site on which developer Bob Dunn’s huge transit/retail/shopping/residential complex would go.
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