Just like the “cardiac Bears,” Illinois lawmakers took it deep into the fourth quarter late Sunday night, attempting a Hail Mary in their push to keep the team in-state and bringing Chicago back in play as a potential stadium site.
A brand new bill emerged in the final hours following a lengthy day of backroom meetings, committee hearings and legislative debates.
Gone is the earlier PILOT concept, which would have given the Bears the ability to negotiate a payment in lieu of property taxes – potentially saving the team upwards of a billion dollars. The plan effectively died due to the strong opposition of some Chicago Democratic state senators.
At the center of the new proposal is a publicly-owned stadium – like Soldier Field – and similar to what’s being offered in northwest Indiana.
Here’s how the new proposal would work:
The Bears would be required to finance the construction of the stadium on their own, but then they would turn it over to a new municipal stadium authority, which would lease the stadium.
There’s a reason for that: a public building would pay zero in property taxes, giving them the property tax certainty they’re seeking. However, the team would have to pay property taxes on the rest of the development.
The bill would narrowly apply to municipalities in Cook County with a population of 70,000 or more – including Arlington Heights and Chicago – and potentially a few more if they choose to jump in.
The house sponsor of the original megaprojects bill said he’s open to it, while Illinois Sen. Bill Cunningham, the senate sponsor, said the model has proven to work.
Cunningham said the Bears have been briefed but he doesn’t know their position; they have not weighed in as of late Sunday.
Interestingly, the two principals of the Bears – CEO Kevin Warren and Chairman George McCaskey – have not been in Springfield for the festivities this weekend.
At around 10:30 p.m. on Saturday, the Bears’ “megaprojects” bill senate sponsor, Sen. Bill Cunningham of Chicago, emerged from a meeting empty handed and revealed the bill did not have the votes to pass. So, the plan, which would have given the Bears the ability to pay a negotiated amount of fees to a municipality instead of the full amount of property taxes, effectively died.
The Bears said that such an agreement was an absolute must to construct a stadium in suburban Arlington Heights, but many lawmakers on both sides of the political aisle raised significant concerns. Chicago lawmakers questioned whether the Bears should be incentivized to leave Chicago, which they’ve called home since the early 1920s. Other lawmakers expressed concerns that locking in property tax rates could put the onus on other property owners within Cook County to pick up the slack in terms of school funding.
The negotiations come as Indiana offers the Bears up to $1 billion in incentives to relocate to a site in Hammond. The Hammond location is situated just off the Skyway, basically across the street from Chicago’s Southeast Side. However, detractors said it’s too close to a superfund site and would be expensive to remediate.
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