Bears release statement after reaching tax deal on Arlington Heights property |
The Chicago Bears released a statement Monday after finally reaching a tentative agreement with the Village of Arlington Heights over the tax bill.
"The Chicago Bears remain focused on investing over $2 billion to build a publicly owned enclosed stadium on Chicago’s lakefront while reevaluating the feasibility of a development in Bronzeville. That being said, we remain significant landowners in Arlington Heights, and establishing a framework for potential future development planning, financing, and property tax certainty has been a priority since the land was purchased. We continue to have productive conversations with the village and school districts and are aligned on a framework should we choose to explore a potential development. The Village of Arlington released the following statement: "The Village and the School Districts have a common understanding with the team on how to create a framework for potential future development planning, financing, and property tax certainty in Arlington Heights that works for all parties," the statement continued. "We look forward to future conversations." The Bears bought the property for $197.2 million in February 2023.
