Illinois lawmakers seek local-stadium authority plan to keep Bears amid stalled tax-break bill
TL;DR
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.
Topics:sportspolitics#arlington-heights#bears#payments-in-lieu-of-taxes#politics#property-tax-relief#stadium-authorities
- Update: Bears ‘megaproject’ break bill sacked, but lawmakers make new play to keep team in state Daily Herald
- Illinois lawmakers roll out $55B budget plan as Bears stadium talks back to square one on final day of session Chicago Tribune
- Bears' megaprojects stadium bill breaks down day before Illinois legislative deadline Chicago Sun-Times
- New stadium authority proposal reshapes Bears debate Crain's Chicago Business
- Bears bombshell: City back in mix; team has met ‘repeatedly’ with Chicago over ‘several months’ Capitol News Illinois
Want the full story? Read the original reporting
Read on Daily Herald