Senate passes legislation to help park districts
Illinois park Districts would have new flexibility in how they handle land leases under legislation sponsored by State Sen. John Curran (R-Downers Grove) that passed the Illinois Senate on May 21.
“This is a common sense change in law that our park districts have asked for, to help them generate revenue on leased properties,” said Sen. Curran. “This change will allow them to offer longer leases on park district property which may make their property more competitive.”
Under current law, park districts can lease property deemed unnecessary for the park and recreational opportunities, but those leases can’t exceed 50 years. Many businesses that may be interested in leasing the property need a longer term before they can justify building on leased property. House Bill 2073 would allow those leases to extend to 90 years, offering more stability for potential development.
The legislation passed the Senate unanimously on May 21st, and is now headed to the Governor.