Workers began demolition Tuesday on the inside of the former Arlington International Racecourse, another nail in the coffin of the storied horse track, and a step toward a potential new stadium for the Chicago Bears.
Thank you for supporting our journalism. This article is available exclusively for our subscribers, who help fund our work at the Chicago Tribune.Construction equipment stands ready for expected demolition at the former Arlington International Racecourse at sunrise on May 30, 2023, in Arlington Heights.
The demolition, estimated to cost $3.8 million, would be expected to lower the value of the property for the next tax year, which should lower taxes on the siteAdvertisementto $197 million, about equal to the sale price the team paid to buy the 326-acre site earlier this year. That would raise taxes on the site to about $16 million, from less than $3 million when it operated as a racetrack.
Palatine Community Consolidated School District 15, Arlington Heights-based Township High School District 214 and Palatine-based Township High School District 211 have proposed a $95 million valuation. School officials anticipate getting more students from the site if it is developed with apartments and condominiums.
, was rebuilt on a grand scale by then-owner Richard Duchossois, and reopened in 1989 after fire destroyed the original structure.“It’s beautiful facility and it seems tragic to be lost,” said Ward Miller, executive director of Preservation Chicago. “It’s unfortunate to demolish this amazing structure before having solid plans to move forward. That seems a backwards way of operating.”
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