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| | HR0317 | | LRB099 11606 GRL 33347 r |
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| 1 | | HOUSE RESOLUTION
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| 2 | | WHEREAS, On November 13, 2014, Cinespace Chicago Film |
| 3 | | Studios submitted an application to receive a $10 million grant |
| 4 | | for the acquisition of land to be used by the company; the |
| 5 | | grant was approved on December 1, 2014; and
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| 6 | | WHEREAS, After being approved for the grant and being given |
| 7 | | the $10 million, reports have shown that Cinespace Chicago Film |
| 8 | | Studios has cashed the check provided to them, but has not |
| 9 | | purchased any land with the money; and
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| 10 | | WHEREAS, The grant application that was submitted by |
| 11 | | Cinespace contained no appraisals for the value of the land the |
| 12 | | film company was hoping to purchase and many of the landowners |
| 13 | | listed in the grant application have indicated they are not |
| 14 | | interested in selling their land; in addition, the company has |
| 15 | | previously experienced problems meeting the State's reporting |
| 16 | | requirements for previous grant money that the company |
| 17 | | received; and
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| 18 | | WHEREAS, There exist many questions surrounding the |
| 19 | | process in which Cinespace received $10 million in State grant |
| 20 | | money and Cinespace's subsequent actions concerning the land |
| 21 | | acquisition process; therefore, be it
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