* Press release…
Governor JB Pritzker today announced that the State of Illinois has taken an important step forward in selling the James R. Thompson Center. After a competitive RFP process to select a project manager, the State will enter into exclusive negotiations with Ernst & Young Infrastructure Advisors, LLC (EY) to provide an array of project management and technical expertise to generate the best value from the sale for taxpayers.
The EY team also includes Bauer Latoza Studio (a Minority Business Enterprise), Goodman Williams Group (a Women Business Enterprise), and Mayer Brown, LLP. Community outreach and inclusive procurement practices will be key focus areas throughout the disposition process.
“After years of neglect, the Thompson Center has outlived its useful life in its current state, requiring $17 million a year just to operate – and it’s time to generate value for the taxpayers from selling the building,” said Governor JB Pritzker. “The Department of Central Management Services is working diligently to move forward with the sale and relocate employees to a more efficient work environment.”
Over the last six months, CMS has been working to identify a firm ideally suited to assist the State with the sale of the property. In August 2019, CMS issued a Request for Proposals to identify highly qualified teams with the requisite experience, capacity and capabilities to work with the State and ultimately deliver the goals of the project.
The RFP evaluation process determined that the EY team was the most qualified, and they will be responsible for the following:
• helping CMS sell the Thompson Center;
• assisting with relocation options to an alternate site(s);
• possibly negotiating the State’s ownership at an alternate site;
• assessing the State’s Chicago real estate portfolio for consolidation options;
• providing project management services including financial and real estate analysis; and
• providing other services related to the sale of the property.
* And because we’ve had some seriously soul-crushing stories on the blog today, here’s a little on-topic levity…