Chicago Bears hear plan to build a stadium in Naperville. Arlington Heights ‘no longer our singular focus,’ team says.
with accompanying entertainment and residential development is not a done deal. There remains outstanding questions on the team getting certainty on property tax limits and public subsidies to help build infrastructure for the project.
Where those locations are have not been disclosed but one site large enough to contain such a development is the former BP campus property at Washington Street and Diehl Road. The team is unlikely to find such a prime property as the former Arlington Park, Hayes said, with 326 mostly open acres next to major roadways and with its own commuter train station. And the Bears already own the land.The mayor encouraged the school districts and the team to continue negotiations over property taxes, with the requirement that any deal would be a long-term economic boost for the team and the region.
The Bears had been pushing to have the property assessed at $37 million, according to Pioneer Press reports. But the leaders of three schools district say the site should be valued at $95 million.To help in the process, Wehrli said the city’s economic development partner, Naperville Development Partnership, has a track record of working with businesses to make investment in Naperville.
Naperville, which has a population of around 150,000, is attractive for all types of businesses, LaCloche said, because it’s the second largest economy in Illinois, “with a highly educated workforce, top ranked public safety, a vibrant downtown, excellent public transit and close proximity to major interstates.”
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