Illinois Compiled Statutes
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70 ILCS 200/155-15
(70 ILCS 200/155-15)
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 or exposition grounds, convention or exhibition
centers, civic auditoriums, and office and municipal buildings, including
sites and parking areas and facilities therefor located within the metropolitan
(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
fair, 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, building and auditoriums, and parking areas and
facilities in the manner provided for the exercise of the right to 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 to collect 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.)