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tinleyparkmentalhealthcenterIn an effort to incentivize local developers to redevelop state facilities, such as the Tinley Park Mental Health Center, State Senator Michael Hastings (D–Tinley Park) was the chief co-sponsor of a measure to create the State Surplus Property Revitalization Tax Credit Act. The act will allow a private investor to receive a state income tax credit equal to 30% of the cost of refurbishing a former state facility.

“It’s unfortunate when the state closes a facility,” Hastings said. “When we closed Tinley Park Mental Health Center it detrimentally impacted our local economy. Too often, these facilities are left dormant for years leading to community eyesores. This piece of legislation is an attempt to encourage private businesses to invest in these unused facilities.”

Last summer, Governor Quinn closed several state facilities, including the Tinley Park Mental Health Center, as part of the administration’s efforts to reduce costs by moving residents out of state institutions and into community-care based settings. The tax credit would only be available for work on state facilities shuttered within the last two years that had at least 100 employees. The credit could not exceed $10 million on any single project; a total of $40 million in credits would be available statewide.

Joliet Mayor Thomas Giarrante delivered key testimony supporting SB 341. "Joliet Correctional Center was a beautiful facility before it was closed 11 years ago," Mayor Giarrante told the Senate Executive Committee on Wednesday. "I had the opportunity to tour it four years ago and was surprised to see the dramatic level of deterioration. We are concerned that IYC-Joliet will meet the same fate at JCC."

The legislation now moves to the Illinois House.

 

mcguire1107SPRINGFIELD — Senator Pat McGuire today helped secure passage of a bill addressing the future of shuttered state facilities such as the Illinois Youth Center in Joliet. SB 341, the State Surplus Property Revitalization Tax Credit Act, was unanimously adopted on the final day of the fall veto session. McGuire is chief Senate co-sponsor of the bill.

"A closed state facility sitting dormant can be a wound that never heals," McGuire said. "First we lose jobs for local residents and business for local suppliers, then we have fires, vandalism, and an eyesore. This bill gives private investors an incentive to put these facilities to new use, putting people to work and putting these properties back on the tax rolls."

The bill would allow a private investor to receive a state income tax credit equal to 30% of the cost of refurbishing a former state facility. The credit would be available only for work on state facilities shuttered within the last two years that had at least 100 employees. The credit could not exceed $10 million on any single project; a total of $40 million in credits would be available statewide.

Joliet Mayor Thomas Giarrante delivered key testimony supporting SB 341. "Joliet Correctional Center was a beautiful facility before it was closed 11 years ago," Mayor Giarrante told the Senate Executive Committee on Wednesday. "I had the opportunity to tour it four years ago and was surprised to see the dramatic level of deterioration. We are concerned that IYC-Joliet will meet the same fate at JCC."

The bill now moves to the Illinois House. If passed by the House, SB 341 would become effective upon being signed by the Governor.

 

110613 js 0722rIn an effort to incentivize development of shuttered state facilities, Senator Tony Munoz (D – Chicago) passed legislation out of the Senate today creating a tax credit to assist developers in repurposing vacant state-owned property.

Senate Bill 341 passed the Senate Executive Committee yesterday after testimony from Joliet Mayor Tom Giarrante and Jacksonville Mayor Andy Ezard (pictured), both of whom support Munoz’s legislation.

Both communities have been hit hard with the double effect of a closed state facility and large vacant buildings.

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Senate advances bipartisan plans to lure jobs, key business headquarters to Illinois

TC1106SPRINGFIELD – Several hundred jobs would move to Illinois and a major corporation would setup here shop under legislation an influential Senate Committee approved Wednesday.

Two plans passed the Senate Executive Committee that extend incentive packages to two international companies—Office Depot Inc. and ADM—promoting job growth in Illinois.

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Bill will offer modest incentives, hold ADM accountable for investments in jobs in central Illinois

Manar SJR32rSPRINGFIELD – State Senator Andy Manar (D–Bunker Hill) today filed legislation that will help create hundreds of new jobs across the state, including Decatur, and keep ADM headquarters in Illinois.

ADM announced in September its intentions to relocate its world headquarters and sought state incentives to keep it in Illinois.  Manar opposed the initial bill filed in the House citing its failure to provide adequate assurances that investments would be made and jobs would be created to offset the loss of jobs and economic activity in Decatur created by the move.

Working with ADM executives and local officials in Decatur, Manar crafted a bill that will allow ADM to keep its headquarters, along with 100 corporate headquarter jobs, here in Illinois.  In addition, ADM will move 100 jobs from other states to Decatur and, over the next five years, is committed to adding or filling 100 full-time positions annually in Decatur.

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