Proposed Sale
When he first came to office, Illinois Governor Rod Blagojevich proposed selling the building to assuage the state budget. The proposal was heavily criticized. Lawmakers at first agreed to the plan, but later a $200 million mortgage was agreed to instead, payable over 10 years. The plan was declared unconstitutional by Illinois Attorney General Lisa Madigan in June 2004. The plan was set aside, although it had already cost the state $532,000 in legal fees.
Read more about this topic: James R. Thompson Center
Famous quotes containing the words proposed and/or sale:
“He [Roosevelt] has made some speeches that indicate that he is going quite beyond anything that he advocated when he was in the White House, and has proposed a program which is absolutely impossible to carry out except by a revision of the Constitution.”
—William Howard Taft (1857–1930)
“I hate this shallow Americanism which hopes to get rich by credit, to get knowledge by raps on midnight tables, to learn the economy of the mind by phrenology, or skill without study, or mastery without apprenticeship, or the sale of goods through pretending that they sell, or power through making believe you are powerful, or through a packed jury or caucus, bribery and “repeating” votes, or wealth by fraud.”
—Ralph Waldo Emerson (1803–1882)