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Originally Posted by twister244
Am I the only pissed about the State House passing a bill that essentially gives the Bears a property tax handout for leaving the city to go the AH? Or is there a balance between the special payment they need to make that offsets the taxes they would otherwise gain?
Either way, this whole saga has left such a sour taste in my mouth.
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Depends. There's a big part of this that feels like kabuki theater. Pass a bill in the House and let it die in the Senate.
First of all, I don't think the Bears are too happy with this bill. No infrastructure or construction funding. Also, any residential construction on a megaproject outside Chicago voids the entire deal. So, uh, the entire proposed Arlington mixed use stadium neighborhood
doesn't qualify as a megaproject.
The Bears press release is frosty.
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We welcome the progress made on the House’s version of the mega project bill; however, additional amendments are necessary to make the Arlington Heights site feasible for our stadium project. We support Illinois leaders as they determine the path forward to making the essential changes to the mega project bill and aligning on infrastructure funding."
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Secondly, the Senate president saying he's in no rush, and Pritzker being neutral make me rather skeptical of things moving forward.
The only party that got everything they wanted out of the bill was... Bob Dunn for One Central. And Ishbia, I suppose, is looking at train yards seeing if he could qualify for the same benefit.
The whole thing is just weird.