Illinois appoints adviser for James R. Thompson Center sale

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The State of Illinois in the USA has announced an important step forward in selling the James R. Thompson Center (JRTC). After a competitive RFP process to select a project manager, the State will enter into exclusive negotiations with Ernst & Young Infrastructure Advisors, LLC (EY) to provide an array of project management and technical expertise to generate the best value from the sale for taxpayers.

The EY team also includes Bauer Latoza Studio (a Minority Business Enterprise), Goodman Williams Group (a Women Business Enterprise), and Mayer Brown, LLP. Community outreach and inclusive procurement practices will be key focus areas throughout the disposition process.

Opened in 1985, the JRTC encompasses approximately 1.2 million square feet of the enclosed area. The main building enclosure system is glazed with single-pane, non-thermally broken aluminum frames which is energy inefficient and does not meet current standards for performance or thermal comfort.
Because of prolonged deferred maintenance and delayed capital projects, in 2016 the construction cost was estimated to be over US$ 325 million to bring the building into a good state of repair. The facility is also larger than necessary and costly to operate with annual operating expenses exceeding US$ 17 million. By divesting the oversized, outdated and expensive facility, the State can relocate its core services to appropriate replacement spaces. This strategic relocation effort will reduce operating costs, increase productivity and better serve constituents.

Share this update