Illinois Compiled Statutes
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70 ILCS 200/125-15
(70 ILCS 200/125-15)
Rights and powers.
The Authority shall have the following rights and powers:
(a) To acquire, purchase, own, construct, lease as lessee or in any other
way acquire, improve, extend, repair, reconstruct, regulate, operate, equip
and maintain fair expositions grounds, convention or exhibition centers,
civic auditoriums, and office and county buildings, including sites and
parking areas and facilities therefor located within the metropolitan area.
(b) To enter into contracts treating in any manner with the objects and
purposes of this Article.
(c) To plan for such grounds, centers and auditoriums and to plan, sponsor,
hold, arrange, and finance fairs, industrial, cultural, educational, trade
and scientific exhibits, shows and events and to use or allow the use of
such grounds, centers and auditoriums for the holding of fairs, exhibits,
shows and events whether conducted by the Authority or some other person
or governmental agency.
(d) To exercise the right of eminent domain to acquire sites for such
grounds, centers, buildings and auditoriums, and parking areas and facilities
in the manner provided for the exercise of the right of eminent domain under
the Eminent Domain Act.
(e) To fix and collect just, reasonable and nondiscriminatory charges
and rents for the use of such parking areas and facilities, grounds, centers,
buildings and auditoriums and admission charges to fairs, shows, exhibits
and events sponsored or held by the Authority. The charges collected may
be made available to defray the reasonable expenses of the Authority and
to pay the principal of and the interest on any bonds issued by the Authority.
(Source: P.A. 94-1055, eff. 1-1-07.)