The mayor of Arlington Heights said the Chicago Bears’ decision to begin exploring other options for a suburban stadium is “not an unexpected development,” as the team cites tax troubles for the reason behind the shift.
got a little more complicated after the Cook County Assessor hiked the assessed value of the team’s newly acquired land, meaning their property tax bill could be headed for a major increase.
The Bears are asking the Board of Review to reassess the tax value of the property. A hearing is expected to take place on the matter in June. "I’m hopeful the Bears will continue with Arlington Heights," Hayes said."I wouldn’t discourage them from exploring other options but I think ultimately they will find that this is the best option."The Village Board in Arlington Heights added that the facility's proximity to O'Hare Airport, Interstate 90, Route 53 and Metra make it a"unique one-of-a-kind" location.
"With economic development as one of his primary focuses, the mayor will continue to highlight Naperville’s benefits to businesses throughout Chicagoland and across the country," spokesperson Linda LaCloche said in a statement,"These benefits include having the second largest economy in Illinois, along with a highly educated workforce, top ranked public safety, a vibrant downtown, excellent public transit and close proximity to major interstates, making it an attractive community...
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