There s a new neighbor at 2200 W. Euclid Ave. in Arlington Heights: the Chicago Bears Football Club. The organization announced Wednesday it has closed on its $197.2 million purchase of the shuttered 326-acre Arlington Park property a milestone in the charter NFL franchise s long-sought city-to-suburbs relocation.
Legislation that would help the Chicago Bears finance their proposed development in Arlington Heights by freezing the property tax assessment on the former Arlington International Racecourse property for up to 40 years was introduced in Springfield.
The sports executive announced Thursday as the new president and CEO of the Chicago Bears helped orchestrate a deal for a new NFL stadium in Minnesota. Now he ll try to do the same in Arlington Heights.
The Chicago Bears chances of receiving state subsidies for a possible redevelopment of Arlington Park faced mounting opposition from Springfield lawmakers Tuesday. Inserted into a bill was language barring "economic incentives to a professional sports organization that moves its operations from one location in the state to another location in the state."
(The Center Square) – The Chicago Bears have said there won’t be any direct tax dollars funding its potential $2 billion new stadium in Arlington Heights. But when the team and Arlington Heights came to a pre-developmen.