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The museum will feature Lucas' collection of paintings,
illustrations and digital art.
The bonds would be issued by the Metropolitan Pier and
Exposition Authority for the museum and the replacement of a big
part of its McCormick Place convention center that would be
razed for the project.
Lucas would contribute $743 million to the authority for the
museum. The financing plan also calls for the extension of taxes
and millions of dollars from the state of Illinois, which is
also low on revenue. A spokeswoman for Governor Bruce Rauner
said the proposal is under review.
The mayor offered the McCormick Place site for the museum after
a parks protection group filed a lawsuit over the original
lakefront site near Soldier Field, the home of the Chicago Bears
football team, stalling the project.
(Reporting by Karen Pierog; Editing by Matthew Lewis)
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