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Hb5797

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Lake County Lawmaker Unveils Plan to Keep Chicago Bears in Illinois
state2 months ago

Lake County Lawmaker Unveils Plan to Keep Chicago Bears in Illinois

Illinois State Rep. Martin McLaughlin (R-Lake Barrington) unveiled the Taxpayer and Investment Protection Agreement (TIPA) Act (HB5797), a public-private framework that would require the Bears to invest at least $2.5 billion in a new stadium, with up to $1.2 billion in public infrastructure and about $4 billion in surrounding development; an independent audit would monitor compliance, and 30-year commitments would protect taxpayers as Illinois competes with neighboring states after the Bears expanded their stadium search to Indiana.