Illinois House Debuts Revamped PILOT Bill to Lure Bears Megaprojects
TL;DR
Illinois House leaders unveiled a revised megaprojects bill linked to payments in lieu of taxes (PILOT) with local taxing bodies, proposing that 50% of PILOT receipts go to property tax relief (60% as homeowner rebates, 40% to a state relief fund), adds a five-year sunset, bans PILOT use for data centers, and requires five-year impact reports; the measure still faces Senate scrutiny and Governor approval as negotiators push to keep the Chicago Bears from relocating to Indiana.
- Illinois House Unveils New Version Of Bears’ Megaprojects Bill Block Club Chicago
- Key bill for Chicago Bears' stadium projects clears House hurdle NBC 5 Chicago
- Chicagoans want to see Bears move to Arlington Heights — not Indiana, a Suffolk-Tribune poll says Chicago Tribune
- Chicago Bears stadium news: Illinois lawmakers could vote Wednesday on bill ABC7 Chicago
- Bears exit from Chicago inching closer to reality as House mulls bill helping Arlington Heights' bid Chicago Sun-Times
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