Arlington Heights set to OK a pre-development agreement with Chicago Bears Monday night
A rendering released by the Chicago Bears shows the view from the threshold of the proposed stadium of the Arlington Park entertainment district. The Bears released proposed development plans for the Arlington International Racecourse property in Arlington Heights on Sept. 6, 2022.
Village leadership has emphasized the still-tentative nature of the discussions and the fact that the pre-development agreement is non-binding. However, the document, which lays out general terms for how Arlington Heights and the Bears could work together on a possible development, is the first public acknowledgement of the fact that the Bears plan to ask for public money to execute their proposal.
The Bears first inked a $197.2 million purchase agreement for the now-shuttered Arlington Park International Racecourse in September 2021. Since then, speculation has swirled around whether Arlington Heights will offer the team public money to help build any part of their $5 billion proposed development, what the impact will be on school districts, how an NFL stadium might affect traffic and how it could change the village’s economy.
Trustee Jim Tinaglia said he was one of the most enthusiastic advocates for the team’s relocation plans but said he could not support the plans the team presented.
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