Here on the CHI blog we’ve been keeping you up to date with the discussions surrounding McCormick Place. The bill that has been so wildly debated is now law.
What does this mean? McCormick Place will no longer have exclusivity over many of the services used by its clients. The good news is that it helps keep costs down, and will hopefully revitalize traffic through its great halls! This is no small beans. Conventions and meetings at McCormick generate over $250 million in tax revenue each year, and estimates dictate that attendees spend roughly $8 billion annually in state.
Not only is the Chicago Convention and Tourism Bureau behind this, but leaership included Governor Quinn, Mayor Daley, House Speaker Madigon, Senate President Cullerton, and more. A bi-partisan effort, this law will hopefully offset some of the financial drains on our state budget.
For more information and the latest updates click here.