Gov. Bruce Rauner unveiled plans Tuesday to auction off the architecturally distinct James R. Thompson Center, which could lead to the razing of the 16-story glass-paneled building in Chicago that has housed state government for three decades.
Rauner, who declined to say how much the building is worth amid ongoing appraisals, called it an “inefficient” and “wasteful” use of space with its large indoor atrium and backlog of maintenance projects equaling roughly $100 million. He wants to move the approximately 2,200 downtown employees to other offices in the area or Springfield and put the building up for a cash sale within a year...
“It’s going to be a very challenging re-use project despite the fact that it’s part of the Chicago skyline,” said senior vice president Eric Feinberg at Savills Studley, a commercial real estate advising firm.Gov wants to auction state offices in Chicago
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