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Ilinois House Committee Considering Sale Of James R. Thompson Center In Chicago

Illinois House Speaker Michael Madigan says a committee will consider a plan to sell the James R. Thompson Center in Chicago. 

The building houses state government offices, but Governor Bruce Rauner renewed a call to dispose of the property during his budget address.   

"The JRTC occupies an entire city block of prime real estate of the Chicago Loop," he said. "For years, the state has failed to properly maintain the building. We now face deferred maintenance costs of hundreds of millions of dollars."  

The governor says the state could see a net profit of more than 200 million dollars.  If the property is sold, state employees would move to cheaper office space.  

House Speaker Micahel Madigan says the Government Administration Committee is considering the proposal.