Fight to get Chicago Bears to Indiana hits setback
Key Points:
- Indiana's efforts to attract the Chicago Bears to build a stadium in Hammond faced a setback due to new legislation in Illinois.
- The Illinois House of Representatives passed the Megaprojects Bill, which offers significant tax incentives for large developments like a football stadium in Arlington Heights.
- The Bears own 325 acres of the former Arlington horse track in Arlington Heights, making the bill directly beneficial to the franchise.
- The legislation would freeze the Bears' property tax bill and provide tax breaks potentially saving the team tens of millions of dollars annually.
- These incentives increase the likelihood that the Bears will remain in the Chicago area rather than relocating to Indiana.