(50 ILCS 25/1) (from Ch. 85, par. 1061)
Sec. 1.
It is hereby found and declared that public agencies of the State, with
regard to certain existing and proposed public improvements and
developments, are not able to make the most effective utilization of the
land acquired or to be acquired for such public improvements and
developments because of the nature of such public improvements and
developments. It is further found and declared that the scarcity and high
cost of available land in many areas of the State where public improvements
and developments are needed, coupled with the inability to make a more
effective utilization of the land, from both a planning and economic
viewpoint, because of the nature of some public improvements and
developments, render it necessary and desirable that, where feasible, air
rights over existing and proposed public improvements be sold or leased and
that such public improvements and developments be constructed or developed
in combination with other compatible desirable and lawful uses constructed
on such air rights sold or leased to private interests, thereby reducing
the cost of such public improvements and developments; making a more
effective utilization of land from both a planning and economic viewpoint
and placing the non-public portion of any such improvement back on the tax
rolls.
(Source: P.A. 76-1161.)
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