UpdatedMon, May 3, 2021 at 6:46 pm CT
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Inside Chicago s Thompson Center in the Loop. (Getty Images)
CHICAGO Gov. J.B. Pritzker announced Monday he is accepting bids for the James R. Thompson Center in downtown Chicago. The request for proposals for the 17-story, glass building thrilled some while worrying others.
The Loop building on the 100 block of West Randolph Street is in need of millions of dollars of repairs, and has been designated as one of the most endangered historic buildings by Landmarks Illinois for the past three years. Government officials and the Illinois Department of Central Management Services have been working towards selling the property for years but disputes about how much if any of the original architecture to keep and its sales price have kept the mixed-use building in limbo.
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SPRINGFIELD, Ill. â Illinois officially placed the James R. Thompson Center that houses state government offices in downtown Chicago up for sale, state officials said Monday.
Gov. J.B. Pritzker and the Illinois Department of Central Management Services took a step that has been in the works for years. Illinois officials have argued the 17-story building designed by celebrated architect Helmut Jahn is a drain on state finances because it s inefficient to operate and in need of hundreds of millions of dollars in repairs. Selling the property provides a unique opportunity to maximize taxpayer savings, create thousands of union jobs, generate millions of dollars in real estate taxes to benefit the City of Chicago and spur economic development, Pritzker said in a news release.
Published May 4, 2021 •
Updated on May 4, 2021 at 7:53 am
Illinois officially placed the James R. Thompson Center that houses state government offices in downtown Chicago up for sale, state officials said Monday.
Gov. J.B. Pritzker and the Illinois Department of Central Management Services took a step that has been in the works for years. Illinois officials have argued the 17-story building designed by celebrated architect Helmut Jahn is a drain on state finances because it’s inefficient to operate and in need of hundreds of millions of dollars in repairs. Don t miss local breaking news and weather! Download our mobile app for iOS or Android
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