Chicago Bears Arlington Heights Stadium
Sector: Stadium • Location: Arlington Heights, Illinois, United States
Source: Crain's Chicago Business
Legislation is advancing to help the Chicago Bears move to Arlington Heights by authorizing large developers to negotiate a lower property tax payment with local taxing bodies through a payment in lieu of taxes (PILOT). The bill includes provisions to redirect 50% of the PILOT payment to a property tax relief fund and creates a new tier of projects eligible for PILOT payments, including Railroad R
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | approved by illinois house, pending senate approval |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Legislation is advancing to help the Chicago Bears move to Arlington Heights by authorizing large developers to negotiate a lower property tax payment with local taxing bodies through a payment in lieu of taxes (PILOT). The bill includes provisions to redirect 50% of the PILOT payment to a property tax relief fund and creates a new tier of projects eligible for PILOT payments, including Railroad Rehabilitation Economic Development Yards (RREDY). The legislation also allows Chicago to create a special taxing district to back up to $1.6 billion in bonds for infrastructure projects supporting large developments. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
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County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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