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Stadium Financing Authorities

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Illinois Eyes Local Stadium Authorities to Keep Bears From Moving to Indiana
business4 days ago

Illinois Eyes Local Stadium Authorities to Keep Bears From Moving to Indiana

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.