State in talks to sell Thompson Center for $70 million — but would buy back office space for $148 million – Chicago Tribune*

While the state and the developer are still finalizing terms, plans call for the state to own and occupy about 425,000 of the building’s 1.2 million square feet. Selling the building will save the state, and taxpayers, an estimated $20 million per year over the next 30 years by consolidating office leases and reducing operating expenses, according to the governor’s office.

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