SPRINGFIELD, Ill. (AP) — Illinois Governor JB Pritzker has signed legislation authorizing sale of James R. Thompson Center in Chicago’s Loop.
Pritzker took action Friday on the measure that would dispose of the 34-year-old icon. It could fetch $300 million.READ MORE: Rollover Crash On Lake Shore Drive Closes Northbound Lanes Between Fullerton And Belmont Avenues
But officials don’t expect to complete the sale for two years. Pritzker’s office outlined a five-phase process that would begin with writing a “request for qualifications” solicitation to interested buyers. And the city must jump-start negotiations with Chicago officials over zoning and continued operation of a public transit station beneath the building.READ MORE: Brookfield Zoo Hosting Blood Drive Wednesday; Free Admission With Donation
The 17-story, curved-glass structure was designed by architect Helmut Jahn and opened in 1985. It was renamed for Illinois’ longest-serving governor in 1993.
Preservationists love the design but tenants have complained of year-round temperature problems and the building has not been maintained.MORE NEWS: 16-Year-Old Girl Killed In Hit-And-Run Crash In Hermosa
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