SPRINGFIELD – In an effort to revitalize downtown Springfield, State Senator Doris Turner is spearheading a package that would spur economic development in the capital city.
“This isn’t just about saving downtown,” said Turner (D-Springfield). “This is about investing in the future of our capital city while ensuring we are boosting economic development, bringing in good-paying jobs and creating an environment for residents and visitors to enjoy for decades to come.”
Senate Bill 2829 is a package of economic development initiatives and proposals for the city of Springfield that would promote business, industry, commerce and tourism in Springfield, Sangamon County and Illinois. The Capital City Downtown Medical District would have the authority to construct housing, educational buildings and research facilities. The Capital Area Tourism Authority would exercise certain economic development powers to finance and fund the development and construction of a new convention center hotel and the expansion of the existing Bank of Springfield convention center.
To meet the revitalization goals, Senate Bill 2829 would:
- Establish the Capital Area Tourism Authority, allowing it to exercise certain economic development powers.
- Rename the Mid-Illinois Medical District to the Capital City Downtown Medical District and expand the current boundaries of the medical district from Madison Street to South Grand Avenue, excluding the area designated as part of the master planning area for the Capitol complex.
- Establishes a new capital city construction jobs income tax credit and a historical building rehab tax credit.
“Four units of government are working together to revitalize downtown, proving that when we share a vision, we can accomplish so much,” said Turner. “Springfield is the home of state government. It’s where Lincoln grew up. It’s a city full of history. It’s time we put politics aside and give downtown Springfield the attention it deserves.”
Senate Bill 2829 passed the Senate Executive Committee Wednesday.
