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Old Posted Jul 28, 2022, 5:48 PM
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BVictor1 BVictor1 is online now
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July 27, 2022 01:51 PM 19 HOURS AGO
One Central megaproject takes a new twist
Is the proposed $6.5 billion subsidy a good deal for taxpayers? A study commissioned by the state of Illinois will try to find out.


The saga of whether the huge proposed One Central project near Soldier Field will get the $6.5 billion state subsidy developer Bob Dunn wants—money that is critical to the project if it is to proceed—has taken a new turn.

But that turn may not be exactly what it appears to be.
The new twist is that, as per little-noticed action by the Illinois General Assembly last fall, the state will soon commission a feasibility study into whether the proposal and the transit center the subsidy would fund are a good deal for taxpayers.

Gov. J.B. Pritzker’s administration is expected to soon seek bidders in a formal request for proposal process to do the study, sources familiar with the matter report. The study, presumably by a major consulting or accounting firm, will be funded by a $500,000 line item that was quietly stuck into a state appropriation bill last spring.
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