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Old Posted Dec 30, 2022, 12:41 AM
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Randomguy34 Randomguy34 is offline
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Join Date: Apr 2013
Location: Chicago & Philly
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This study will pretty much decide if the state will fund One Central or not.

Quote:
The state is soliciting a feasibility study from a qualified consultant assessing a proposed project to be supported under the Public-Private Partnership for Civic and Transit Infrastructure Project Act (30 ILCS 558/) and P.A. 102-0698. The proposed investment is known as the public-private “One Central” project in Chicago. This proposal is an ambitious economic development project with transportation, commercial, and residential elements. This project, as envisioned, could receive significant state incentives per the terms of the Public-Private Partnership for Civic and Transit Infrastructure Project Act, which may impact the state’s ability to fund other projects and programs. This feasibility study is intended to assist the state in assessing the quantitative net fiscal impact of the One Central project, determining whether participation in this project represents a worthwhile use of state resources, and recommend best practices to ensure that the project benefits and risks are properly balanced between public and private sector participants.
https://www.bidbuy.illinois.gov/bso/...arentUrl=close
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