Illinois lawmakers seek local-stadium authority plan to keep Bears amid stalled tax-break bill

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Source: Daily Herald
Illinois lawmakers seek local-stadium authority plan to keep Bears amid stalled tax-break bill
Photo: Daily Herald
TL;DR Summary

With the Bears’ proposed 40-year tax-break megaproject failing to secure Senate votes, lawmakers are crafting an alternative that would let municipalities create public stadium authorities to offer tax-exempt financing and incentives to keep the team in Illinois—potentially in Arlington Heights, Chicago, or elsewhere—while avoiding a long statewide tax cut and addressing property-tax relief concerns before the Sunday deadline.

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