Illinois Code § 70 ILCS 1505/26.5

All right, title and interest of the State of Illinois in and to
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submerged lands, naturally and artificially made or reclaimed lands, both
within the boundaries of the harbor and adjoining its outer or water side,
are vested in the Chicago Park District for harbor and other public
purposes, and the same shall be a part of the public park under the
jurisdiction of the Chicago Park District. The harbor, and all real and
personal property connected therewith, owned and operated by the Chicago
Park District under the provisions of this section are exempt from
taxation.

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