Officials at three suburban school districts say an independent appraisal of the former Arlington International Racecourse valued the 326-acre parcel at $160 million, about $30 million less than the assessed value.
Longtime Arlington Heights Village Manager Randy Recklaus, the village s day-to-day point person for negotiations with the Chicago Bears and area school districts over a new stadium at Arlington Park, is getting a 7% raise for a second consecutive year.
As the final buildings at Arlington Park meet the wrecking ball, Arlington Heights long-standing horse head village logo is also being put out to pasture.
Much of the bricks and mortar where memories were made for Arlington Park employees and patrons now is gone. The final support beams were taken down Tuesday afternoon two years and one day after the last horse race at the storied local oval.
The Bears announced Wednesday they won t pursue legislation this fall in Springfield that would give them a massive long-term property tax break for a new stadium. But that doesn t mean the Payments in Lieu of Taxes financing concept couldn t return in the new year.