An Economic Development Bill Gains Momentum in Illinois
Legislation touted as a win for the entire state has passed the Illinois House.
The bill, which materialized late Thursday afternoon, includes a number of economic development projects all over the state including: expansion of McCormick Place in Chicago, which includes a new basketball arena for DePaul University, incentives for suburban Rosement to upgrade its convention center, moving forward on the long-proposed third airport in Peotone and construction of a fertilizer plant in Tuscola.
State Representative Adam Brown (R-Champaign) says the plant, in east central Illinois, will create 1,500 construction jobs and 300 permanent jobs and will pump 1-point-2 billion dollars into the state’s economy.
With one day left to go in the legislative session, some lawmakers were less enthusiastic, bemoaning the timing of the over 300 page bill.
Nevertheless, the measure passed 81-35 and now moves to the Illinois Senate.