Chicago Metropolitan Agency for Planning Policy Brief December 2025
PABs finance CenterPoint Intermodal Center build-out
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Description
The Illinois Finance Authority issued $225 million in Private Activity Bonds on behalf of the CenterPoint Intermodal Center in Joliet to finance land, construction, and equipment for the massive rail-to-truck logistics hub, supporting a total investment of about $1.26 billion. The tax-exempt bonds reduced borrowing costs for the private sponsor while keeping debt non-recourse to the state.
Contract Details
Contract Amount
$150 million PABs (2010) and $75 million PABs (2012), within $1.26 billion total investment
Vendor
CENTERPOINT INTERMODAL CENTER (THROUGH ILLINOIS FINANCE AUTHORITY PABS)
Agency
Chicago Metropolitan Agency for Planning, IL
Contract Type
FINANCIAL_SERVICES
Document Date
December 1, 2025
Renewal Info
Bond maturities follow standard PAB schedules; renewal or refunding is not discussed in the brief.
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