Illinois Eyes Local Stadium Authorities to Keep Bears From Moving to Indiana
TL;DR
Illinois lawmakers are pivoting from property tax incentives to creating local stadium-financing authorities that would own the Bears’ stadium and land. The Bears would finance the project but owe no property taxes, a move aimed at deterring a move to Indiana (Hammond) as the legislature’s session wraps up, with Chicago exploring options to keep the team from crossing the border and potentially relocating.
Topics:sportsbusiness#arlington-heights#business#chicago-bears#illinois-legislature#property-tax-incentives#stadium-financing-authorities
- Bears’ Illinois solution hinges on new plan to create local stadium authorities NBC Sports
- Chicago Bears stadium news: Compromise proposal on the table to keep Bears in Illinois as lawmakers race against time ABC7 Chicago
- Illinois lawmakers scramble for last-ditch Bears stadium deal after Arlington Heights PILOT plan collapses Chicago Tribune
- Update: Bears ‘megaproject’ break bill sacked, but lawmakers make new play to keep team in state Daily Herald
- Lawmakers craft ‘plan B' to keep Bears in Illinois ahead of midnight deadline NBC 5 Chicago
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