As a draft of legislation that would give the Chicago Bears a massive property tax break at Arlington Park emerges in Springfield, the NFL franchise has a major backer in its corner.
Though the chamber's support of the proposed Payments in Lieu of Taxes financing mechanism would suggest at least implicit support of a Bears' suburban relocation, Maisch said he's not taking sides between Arlington Heights and Chicago. by signing up you agree to our terms of service The coalition released a draft of the legislation, but it hasn't yet identified a bill sponsor.
While the club has pledged to privately finance construction of the stadium itself, Bears brass are seeking public help for infrastructure costs on a sprawling site they've envisioned as a"365-day-a-year entertainment district." Those payments, either fixed or subject to adjustment, would be distributed by the village to other local taxing districts at percentages equal to their proportional share of property taxes.
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