Arlington Heights Offers Tax Deal Amid Bears Stadium Site Discussions
The Chicago Bears consider multiple locations for a new stadium, including Arlington Heights, which proposes a tax deal to facilitate the move.
- Arlington Heights officials propose a tax deal to settle a dispute between the Chicago Bears and local school districts over the Arlington Park racetrack site, aiming to cut the team's property tax bill.
- The proposed tax settlement includes a $6.3 million tax bill for 2023, a reduction to $3.6 million for 2024, and negotiated annual increases of 3% to 10% for the following three years.
- The Chicago Bears, exploring options for a new stadium, shift their focus to a site in Chicago, despite ongoing interest in the Arlington Heights location.
- Other suburbs, including Naperville, Rockford, Waukegan, and Aurora, also vie to host the new Bears stadium, leveraging the situation for potential economic benefits.
- The Bears' potential move from Soldier Field to Arlington Heights or another location remains uncertain, with discussions ongoing and multiple sites under consideration.