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Illinois Bill to Lock In Property Taxes for Bears Stadium Heads to First Hearing

The measure would let major projects lock in negotiated property taxes to provide the predictability lenders require.

Overview

  • House Bill 2789 is scheduled for its first public hearing Thursday before the Illinois House Revenue and Finance Committee.
  • The proposal applies to projects of at least $500 million and would allow negotiated, long‑term property tax payments with local governments.
  • Sources report weekly meetings since December between the Bears and legislative leaders on a framework in which the team funds the stadium and the state funds surrounding infrastructure.
  • Gov. J.B. Pritzker has indicated support for infrastructure assistance but not taxpayer funding for the stadium, and about $534 million in Soldier Field renovation debt remains covered by Chicago hotel taxes.
  • Indiana officials are courting the team with pitches in Gary and Portage, and the Bears have explored a site near Hammond, with a decision on location expected in the coming weeks according to local reporting.