US EditionIllinois, Arlington Heights Leaders Discuss Funding Construction of New Bears Stadium
The Bears seek $855 million for infrastructure to support a $5 billion mixed-use development projected to create 56,000 construction jobs and 9,000 permanent jobs, officials said.
- On Tuesday, the Chicago Bears sought $855 million in public funding to build an enclosed stadium on a 326-acre tract in Arlington Heights, the team consultant reported.
- The team said it will fund the stadium's more than $2 billion construction itself but seeks public assistance for infrastructure including roads, sewers, and an adjacent commuter rail line.
- HR&A Advisors Inc. estimated about $6.6 billion in statewide construction impact, creating 33,000 construction jobs and 9,000 permanent jobs, with about 100,000 hotel stays in Arlington Heights and 375,000 across the Chicago area.
- Arlington Heights Mayor Jim Tinaglia backed the $15 million annual tax revenue estimate and legislation to enable negotiations with local schools and taxing bodies.
- Economists including J.C. Bradbury are skeptical, and residents of Arlington Heights raised traffic concerns, while team officials said construction costs are rising by $10-12 million each month.
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Illinois, Arlington Heights leaders discuss funding construction of new Bears stadium
While the Bears are promising more than $2 billion to fund a new, fixed-roof stadium, the team is also seeking $855 million in public funding for infrastructure to "jumpstart the redevelopment potential" of the Arlington Park site.
Bears stadium by the numbers: Clock ticking on team’s drive for Arlington Heights dome
The Chicago Bears head back to Springfield this month looking to get a bill across the goal line to help them build a new stadium in Arlington Heights.The team has been stuffed at the legislative line of scrimmage ever since they bought the old Arlington International Racecourse site four years ago, but they’re hoping lawmakers can be convinced by lofty economic projections released this week touting the benefits of a new dome.After failing to g…
Bears seek $855M in public funding for infrastructure to build stadium – ESPN
Though the Bears have said they plan to pay for the stadium itself, they are seeking assistance to help complete the project. The report says the $855 million would "set the stage" for a mixed-use development anchored by a stadium. That would cover costs for roads, sewers and changes to an adjacent commuter rail line.
Bears seek funds for stadium build infrastructure
The Chicago Bears are seeking $855 million in public funding for infrastructure in order to build an enclosed stadium in the suburbs that could also host Super Bowls and Final Fours, according to a team consultant report released on Tuesday.
Associated Press News
Bears seek $855 million in public funding for infrastructure to build suburban stadium
The Chicago Bears are seeking $855 million in public funding for infrastructure in order to build an enclosed stadium in the suburbs that could also host Super Bowls and Final Fours, according to a team consultant report.
New Bears stadium in Arlington Heights would generate billions, but could cost taxpayers $855M for infrastructure
Construction of a new Chicago Bears stadium in Arlington Heights would generate thousands of jobs and billions of dollars in economic activity, but would also require substantial taxpayer support for infrastructure, according to team projections released Tuesday. Infrastructure such as entrance and exit ramps from near Route 53 and changes to the adjacent Metra train line would cost $855 million in public funds, the team’s consultant estimated i…
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