Governor to evaluate tax proposal for Bears stadium in Arlington Heights

Spread the love

(The Center Square) – Gov. J.B. Pritzker is not ruling out tax legislation to help the Chicago Bears move forward with a stadium project in Arlington Heights.

The governor said Monday that his administration is still evaluating a bill to use sales-tax revenue that would come with a large-scale development to support that project.

“We’re going to evaluate what the costs are for the people of Illinois to do this, the benefits that come from attracting businesses as a result of providing that ability to use those tax dollars,” Pritzker said.

Officials from the National Football League team held a press conference last Friday to provide an update on training camp in Lake Forest and the team’s stadium plans.

Bears President and CEO Kevin Warren said his team has held weekly meetings with Arlington Heights officials. The Bears own 326 acres of land at the site of the former Arlington Park horse-racing track. The team purchased the site for nearly $200 million in 2023.

According to Warren, all the team needs to move forward is property-tax certainty.

“This is not any transfer of money from the state of Illinois to the Chicago Bears or other businesses. This just says, ‘We’re going to allow you to negotiate the property taxes,’ which is critically important,” Warren said.

Warren said the “mega-project” bill that was on the docket last spring would allow companies like the Bears to negotiate with local taxing authorities.

Warren hoped for a positive vote from the state legislature during the fall veto session and said it was all the team needed to move forward.

Pritzker said his administration would evaluate the costs and benefits.

“I do not think that the taxpayers of the state of Illinois should be propping up what is now an $8.5 billion-valued business. They seem to be doing OK for themselves,” Pritzker said.

Bears Chairman George McCaskey said stadium developments take time.

“It’s on us to convince the governor and the state legislators that this is a good idea for the people of Illinois. We need to do a better job of that,” McCaskey.

McCaskey said the project could be transformative.

“The concern is that delay means greater expense, and it also means that we’re missing out on another round of the assignment of major events,” McCaskey said.

The Bears said they hope the new stadium would attract the Super Bowl, NCAA basketball and other large-scale events.

The team currently plays at Soldier Field in Chicago. Last year, the Bears proposed a $4.7 billion stadium project for the lakefront that involved public funding.

Pritzker said it was his hope that the Bears would stay in the city, but he said he did not think they would leave Illinois.

Leave a Comment





Latest News Stories

Government shutdown continues, crippling IRS tax services

Government shutdown continues, crippling IRS tax services

By Thérèse BoudreauxThe Center Square Nine days into the government shutdown, Congress once again failed to re-open the federal government on Thursday. All but three Democratic senators are refusing to...
Hundreds of National Guard activated in Illinois

Hundreds of National Guard activated in Illinois

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Hundreds of National Guard soldiers are activated in Illinois for the next two months to assist in...
Illinois quick hits: Texas Guard arrives in Broadview; former governors join case against Trump

Illinois quick hits: Texas Guard arrives in Broadview; former governors join case against Trump

By The Center SquareThe Center Square Texas Guard arrives in Broadview Just as a federal judge prepares to hear arguments Thursday morning about the use of the National Guard in...
Officials, police criticize Chicago ICE stand-down; CPD says officers responded

Officials, police criticize Chicago ICE stand-down; CPD says officers responded

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – Illinois lawmakers and police are outraged after reports that Chicago officers were ordered to stand down...
WATCH: Pritzker tells Trump ‘come and get me;’ SCOTUS hears ballot counting case

WATCH: Pritzker tells Trump ‘come and get me;’ SCOTUS hears ballot counting case

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square Editor Greg Bishop shares reaction to...
Exclusive: Nevada lieutenant governor's legislation blocked because of his opposition to males in female sports

Exclusive: Nevada lieutenant governor’s legislation blocked because of his opposition to males in female sports

By Chris WoodwardThe Center Square All of Nevada Lt. Gov. Stavros Anthony’s bills were killed last session without a hearing, and he had to lay off staff to apparently punish...
28 journalists arrested, 118 assaulted so far this year, report finds

28 journalists arrested, 118 assaulted so far this year, report finds

By Bethany BlankleyThe Center Square As concerns increase about freedom of the press in the U.S., at least 118 incidents of journalists being assaulted and 28 incidents of journalists being...
Central Illinois Land Bank Authority

Casey Partners with Land Bank on New Strategies to Tackle Blight, Spur Housing Growth

Article Summary: The Casey City Council is exploring new strategies with the Central Illinois Land Bank Authority to address derelict properties and encourage new home construction. The partnership aims to...
Illinois quick hits: Another quantum company announced for incentives

Illinois quick hits: Another quantum company announced for incentives

By Jim Talamonti | The Center SquareThe Center Square Another quantum company announced for incentives Another quantum computing company is taking advantage of state incentives to establish its headquarters at...

WATCH: Israel, Hamas agree to peace deal, Trump says

By Sarah Roderick-FitchThe Center Square Israel and Hamas have agreed to the first phase of a peace plan, bringing the two-year war closer to an end, President Donald Trump announced...

WATCH: Trump administration to designate Antifa a foreign terror organization

By Sarah Roderick-FitchThe Center Square During a round table discussion with independent journalists at the White House on Wednesday afternoon, President Donald Trump said his administration would designate Antifa a...

WATCH: Trump admin singles out Chicago, Pritzker during Antifa roundtable

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – With arguments set Thursday in the state of Illinois’ case challenging President Donald Trump’s use of the...

WATCH: Lawmakers spar over Biden administration’s censorship campaign

By Thérèse BoudreauxThe Center Square In a heated congressional hearing, U.S. lawmakers debated whether the Biden administration or current Trump administration is more guilty of infringing on Americans’ First Amendment...
Illinois quick hits: Charges against protesters dropped; ISP crime suppression in Metro East

Illinois quick hits: Charges against protesters dropped; ISP crime suppression in Metro East

By Jim Talamonti | The Center SquareThe Center Square Charges against protesters dropped U.S. government attorneys have dropped a criminal complaint against two people who brought guns to a protest...
EXCLUSIVE: Van Duyne wants to treat Antifa like the mafia amid crackdown

EXCLUSIVE: Van Duyne wants to treat Antifa like the mafia amid crackdown

By Brett RowlandThe Center Square A U.S. representative from Texas said it's time for Congress to get serious about violent groups such as Antifa. "We've only seen it get worse,...