(70 ILCS 3210/10)
Legislative finding and declaration.
The General Assembly finds
that as a result of deteriorating infrastructure and sports facilities there is
a shortage of sports facilities suitable for use by professional, amateur, or
semi-professional sports teams and other musical, theatrical, and other social
It is further found that as a result of the costs to repair or replace the
infrastructure and facilities, and as a result of current financing costs,
the private sector, without the assistance contemplated in this Act, is unable
to construct feasibly adequate sports facilities.
It is further found that the creation of modern sports facilities and the
other results contemplated by this Act would stimulate economic activity in the
State of Illinois, including the creation and maintenance of jobs, the creation
of new and lasting infrastructure and other improvements, and the retention of
sports and entertainment events that generate economic activity.
It is further found that sports facilities can be magnets for
substantial interstate tourism resulting in increased retail sales, hotel and
restaurant sales, and entertainment industry sales, all of which increase jobs
and economic growth.
(Source: P.A. 93-227, eff. 1-1-04.)