Bill > HB2757

This bill establishes the Chicago Downtown Revitalization Task Force, a comprehensive initiative aimed at addressing the economic challenges facing downtown Chicago in the post-pandemic era. The task force will consist of 21 members, including representatives from state legislature, government agencies, businesses, labor unions, and various industry sectors, who will serve without compensation. The group's primary responsibilities include analyzing taxes and economic incentives affecting downtown Chicago, researching trends like office occupancy rates and population growth, examining national best practices for urban center revitalization, and developing policy recommendations to enhance economic activity. The Director of Commerce and Economic Opportunity will serve as a non-voting advisory member, and the department will provide administrative support. The task force will submit an initial report to the Governor and General Assembly within 12 months of the Act's effective date, with periodic updates to follow. The task force is set to be dissolved five years after its establishment, with the entire Act set to be repealed on January 1, 2032. The bill recognizes downtown Chicago's critical role in the state's economy and seeks to address challenges arising from pandemic-related changes in work, living, and commercial patterns.

Business and Industry, Government Affairs

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2757&GAID=18&DocTypeID=HB&SessionID=114&GA=104