Sec. 11-74.4-3.1. Redevelopment project area within an intermodal terminal facility area.

300 words·~1 min read·/il/chapter-65/act-5/11-74-4-3-1·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Notwithstanding any other provision of law to the contrary, if a municipality designates an area within the territorial limits of the municipality as an intermodal terminal facility area, then that municipality may establish a redevelopment project area within the intermodal terminal facility area for the purpose of developing new intermodal terminal facilities, rehabilitating obsolete intermodal terminal facilities, or both. If there is no existing intermodal terminal facility within the redevelopment project area, then the municipality must establish a new intermodal terminal facility within the redevelopment project area. If there is an obsolete intermodal terminal facility within the redevelopment project area, then the municipality may establish a new intermodal terminal facility, rehabilitate the existing intermodal terminal facility for use as an intermodal terminal facility or for any other commercial purpose, or both.

(b)For purposes of this Division, an intermodal terminal facility area is deemed to be a blighted area and no proof of blight need be shown in establishing a redevelopment project area in accordance with this Section.

(c)As used in this Section:

"Intermodal terminal facility area" means an area that:

(i)does not include any existing intermodal terminal facility or includes an obsolete intermodal terminal facility;

(ii)comprises a minimum of 150 acres and not more than 2 square miles in total area, exclusive of lakes and waterways;

(iii)has at least one Class 1 railroad right-of-way located within it or within one quarter mile of it; and

(iv)has no boundary limit further than 3 miles from the right-of-way.

"Intermodal terminal facility" means land, improvements to land, equipment, and appliances necessary for the receipt and transfer of goods between one mode of transportation and another, at least one of which must be transportation by rail.