New Bears bill introduced for Arlington Heights
(The Center Square) – A state representative has filed new legislation aimed at keeping the Chicago Bears in Illinois, but Gov. J.B. Pritzker says the Bears have to decide what they want first.
State Rep. Martin McLaughlin, R-Barrington Hills, filed the Taxpayer and Investment Protection Act on Monday.
House Bill 5797 applies to private developments with more than $2.5 billion of investments located in counties with more than one million people.
The proposal calls for the state to spend $1.2 billion on infrastructure for a Bears-owned stadium and surrounding development.
McLaughlin said the bill includes a negotiated property tax up front, based on the Bears’ $200 million land purchase in Arlington Heights.
“What that would be going forward, whether it’s three or four or $500 million, they set a 2.5% tax rate, and that goes up each and every year for 30 years,” McLaughlin told The Center Square.
McLaughlin said a third-party auditor would review the Bears, the state and local taxing bodies to prevent cost shifting.
“They’ll be called out on an annual basis, and that’s where the protection is. There’s an audit that’ll be done each and every year, so it’s a straight business deal. There’s no gimmicks,” McLaughlin said.
When asked by The Center Square on Tuesday about McLaughlin’s proposal, Gov. J.B. Pritzker said the Bears need to express what they want in two bills that already passed separately in the House and the Senate.
“So just randomly putting a bill in that might be your idea or Representative McLaughlin’s idea doesn’t necessarily solve the problem of what the Bears may want,” Pritzker said at a budget-signing event in Chicago.
McLaughlin said he wanted to move a bill forward because the idea that Chicago is still in play is now over, but Chicago Mayor Brandon Johnson said on Tuesday his city is not off the table.
State Rep. Dan Ugaste, R-Geneva, is also expected to file Bears stadium-related legislation this week.
Illinois House Speaker Emanuel “Chris” Welch, D-Hillside, said it’s important to find out if all involved stakeholders can agree on a bill before considering a special session of the legislature.
“I think Illinois is still the place the Bears want to be,” Welch said.
Latest News Stories
Library Board Adopts New Cell Phone Stipend Policy for Employees
Manhattan Announces Proposed 6% Property Tax Levy Increase
JJC Celebrates “Future Wolves” Partnerships with Joliet and Troy School Districts
State Veto Session Passes Energy Bill Limiting County Zoning, Approves Toll Hike for Mass Transit
Commission Approves Peotone-Area Farmhouse Split, Overruling Staff’s “Spot Zoning” Concerns
Will County Finance Committee Hits Impasse on 2025 Tax Levy, Postpones Budget Votes
Manhattan Park Board Tables Decision on Site Plan for Potential Development
Federal Lobbyists Brief Will County on Government Shutdown, Warn of SNAP and TSA Disruptions
Commission Approves Mokena-Area Garage Variance Over Village’s Objection
Will County Committee Advances Gougar Road Bridge Project with Over $540,000 in Agreements
Village Administrator Jeff Wold Resigns; Marc Nelson Appointed Interim
Manhattan-Elwood Library Board Reviews 2024-2025 Financial Audit
JJC Receives Surprise $1.9 Million from IRS Employee Retention Credit
JJC Advances ERP Modernization with New Vendor and Two-Year Budget