The owners of the Chicago Bears are looking for help from the Illinois legislature for their proposed new stadium in Arlington Heights, and here’s how the Associated Press describes it:
The Bears have the plans drawn up for the indoor stadium but need a mega bill to pass in Springfield in October to supply momentum for the construction.
“The biggest item that remains, that has remained, is the fact that this mega project build that was on the docket in the spring but was not put forth for a vote, but it is very, very important that it passes,” [Bears president Kevin] Warren said. “Because without that legislation, we are not able to proceed forward.”
Momentum! Can you be a little more specific about what that means, AP?
The bill the Bears want to see passed would freeze property taxes for large-scale construction projects like the stadium.
Getting warmer, but that still doesn’t quite describe what the bill would do, which is to rule that construction projects that meet “certain investment and job creation specifications” would eligible for both a freeze on their property tax assessments and abatements of property taxes, subject to the determination of the state Department of Commerce and Economic Opportunity. As we covered here in May, this “would function exactly the same as a TIF that kicked back future tax increases to the team” — no one has yet done the calculations for what this would be worth to the Bears owners, but on a proposed $2.7 billion development, suffice to say that it could be a lot.
Whether Warren’s demands will get any more traction in Springfield than it did last session is unclear from the AP article, which only interviewed two sources, Warren and team owner George McCaskey. Warren did turn up the heat slightly on Friday, warning that Arlington Heights is “the only location in Cook County that will allow us to build a stadium — the new Chicago Bears stadium — with a fixed roof,” without which … okay, he left that to the imagination, he knows how this game is played. Warren also added that the Bears owners are “not trying to avoid paying taxes,” which is even more left to the imagination how that works for a bill that would only do one thing, and that’s to lower the team’s taxes. Maybe, just maybe, it’s not the best idea to write articles about a new development project that only quote the guy seeking tax breaks for it? Something to consider trying, anyway!


