
"The team seems to be insisting that a bill like this is necessary to build a new Bears stadium on what was once the site of Arlington Park, which the franchise purchased in 2022 with hopes of building a fixed-roof stadium and mixed-use development (think hotels, rental property, dining, shopping spots, entertainment options, and things of that nature) on the property."
"Proponents of the bill would likely point out how the bill isn't limited to the Bears and that any entity investing $500 million under the mega projects umbrella can apply to receive these agreements. There are plenty of folks who could potentially benefit from the mega projects bill getting the green light."
"But opponents of the bill would likely underscore that a billion-dollar entity shouldn't get a freeze on property taxes that would go to fund schools."
Illinois lawmakers are progressing on a mega projects bill designed to facilitate a new Chicago Bears stadium in suburban Arlington Heights on the former Arlington Park site purchased by the franchise in 2022. The bill would provide property tax incentives for qualifying projects exceeding $500 million investment, though opponents argue billion-dollar entities shouldn't receive tax freezes affecting school funding. Meanwhile, Indiana's Senate has passed legislation committing $1 billion toward attracting the Bears stadium. Illinois's bill remains incomplete and won't face a vote until March at earliest. Both states are actively competing to secure the Bears relocation, with each offering substantial financial incentives and legislative support.
#chicago-bears-stadium #illinois-vs-indiana-competition #mega-projects-bill #tax-incentives #arlington-heights-development
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