Chicago Tribune
3 months agoChicago Bears, schools are $100M apart on tax value of former Arlington Park, complicating stadium proposal
The Chicago Bears and local schools are $100 million apart on the property tax valuations of the former Arlington International Racecourse, complicating the team's plan to build a stadium.
The Bears appraised the property at $60 million to $72 million by categorizing it as vacant residential land, while the school district classified it as commercial land, valuing it at $197 million.
The Bears demolished the racetrack to lower the value of the site, but the Cook County Assessor significantly increased the value of the land. [ more ]