US Edition5 Reasons Why the Bears Haven't Broken Ground in Arlington Heights
The Bears seek property tax certainty to build a $4.7 billion stadium and development project expected to create 56,000 construction jobs and 9,100 permanent jobs, officials said.
- In Springfield, the governor is weighing a bill to use sales-tax revenue for the Bears stadium project, considering costs, benefits, and a property tax measure, Pritzker said Monday.
- According to Bears President and CEO Kevin Warren, the stadium project hinges on a 'PILOT bill' that would let the Bears negotiate property-tax assessments, with a fall veto session vote crucial for progress.
- The Bears own 326 acres at the Arlington Park site and plan a $4.7 billion development including a stadium, creating about 56,000 jobs, according to estimates.
- In response, Pritzker said Illinois taxpayers shouldn't be propping up a business worth more than $8 billion and reiterated that no money would transfer from the state.
- With its design, the Bears expect the stadium to host major events and hopes for a 2025 groundbreaking if approved in the fall veto session.
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Capitol Fa - Your Illinois News Radar » Isabel’s morning briefingCapitolFax.com
* ICYMI: Pritzker: Taxpayers shouldn’t be ‘propping up’ Bears stadium plan. Daily Herald… On Friday, Bears President Kevin Warren said the franchise won’t be able to move forward unless state lawmakers approve a long-term property tax break on the former Arlington Park racetrack property. The Bears are a privately owned business, Gov. Pritzker said, and [...]
What to know about the Chicago Bears’ possible move to Arlington Heights — or a domed stadium on the lakefront
The Chicago Bears embarked on a new era in February 2023 with the purchase of a site in Arlington Heights where the team hopes to build a new enclosed stadium with a massive entertainment and residential development. In April 2024, the team laid out elaborate plans for a new publicly owned domed stadium on the lakefront but left unanswered how the city would pay for expensive infrastructure improvements. But now, the storied NFL franchise’s sigh…
Illinois law impacting Bears’ property taxes for stadium project sparking discussion
The Chicago Bears are pushing for a law in Springfield that would help provide “property tax certainty,” but how would it impact Arlington Heights? That’s the question being raised as the Bears push forward with their plans to break ground on a new stadium project in the suburban community, with the goal of getting the project started later this year. According to Bears CEO and President Kevin Warren, the so-called PILOT (payment in lieu of taxe…
Pritzker: Taxpayers should not ‘be propping up’ Bears with new stadium money – FOX32 (Chicago)
"I’d like the Bears to stay in the City of Chicago, if they could," Gov. JB Pritzker said. "They’re a private business. They can choose to do what they like with their business. I do not think that the taxpayers of the State of Illinois should be propping up what now is an $8.5 billion-valued business. They seem to be doing OK for themselves."
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