Illinois Compiled Statutes
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70 ILCS 200/2-20
(70 ILCS 200/2-20)
Rights and powers, including eminent domain.
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 exhibition centers, civic auditoriums, cultural facilities
and office buildings, including sites and parking areas and commercial
facilities therefor located within the metropolitan area;
(b) 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;
(c) To exercise the right of eminent domain to acquire sites for such
grounds, centers, buildings and auditoriums, and parking areas and facilities
manner provided for the exercise of the right of eminent domain under the Eminent Domain Act;
(d) To fix and collect just, reasonable and nondiscriminatory charges
and rents for the use of such parking areas and facilities, grounds, centers,
auditoriums and admission charges to fairs, shows, exhibits and events
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;
(e) To enter into contracts treating in any manner with the objects and
purposes of this Article.
Notwithstanding any other provision of this Article, any power granted under this Article to acquire property by condemnation or eminent domain is subject to, and shall be exercised in accordance with, the Eminent Domain Act.
(Source: P.A. 94-1055, eff. 1-1-07; 95-331, eff. 8-21-07.)