IL HR0795

Calls for reassessment of the Illinois Sports Facilities Authority's use of a 2% hotel tax on Chicago hotel rooms, which has funded stadium construction for professional sports teams for nearly four decades.

Urges the Sports Facilities Authority to request proposals from developers for housing and mixed-use attractions on its land, including the stadium and parking lots, with the goal of moving property onto the tax rolls.

Recommends that professional sports teams seeking new stadiums collaborate on a single shared stadium solution led by the private sector rather than constructing separate facilities.

Requests the Sports Facilities Authority report on how much outstanding debt could be paid off by selling existing assets to private developers.

Calls for evaluation of redirecting future hotel tax revenues to address state budget challenges, including affordable housing, education, transportation infrastructure, and economic development on Chicago's west and south sides.