New information emerged in Arlington Heights Monday night as the Chicago Bears may be changing their approach to constructing a new stadium.
The key point is that Arlington Heights has yet to find a resolution for the tax bill concerning the Bears, residents and school board."In early 2023, before the final purchase of the property, there were discussions between school districts 214, 211 and 15, Churchill Downs and the Chicago Bears football club regarding the termination of fair property taxes for the former Arlington Park site.
Information on property taxes is being released to the public after a freedom of information request by the media, which will include discussions between the village and the Bears about fair property taxes.With the track vacant, the property was assessed at $16 million for taxes. The Bears had the taxes reviewed and they came down to almost $9 million.
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