Bears Release Statement on New Stadium
With the announcement of the purchase of a 326- acre property in Arlington Heights, the Bears have released a statement, doubling down on their intention to build the stadium free of tax payer's money.
«We have publicly stated and repeat here again: If we construct a state-of-the-art stadium, we will not seek taxpayer funds locally or otherwise for the structure. If we proceed, however, this project would require assistance to ensure feasibility, including our securing property tax certainty and support for infrastructure commensurate with the public benefits the project will yield to the region,» said the Bears in their statement. «For the development to move forward, and for this effort to be financially feasible, a public-private partnership addressing predictable taxes and necessary infrastructure funding for public uses is essential. Public funds for infrastructure will provide regional improvements such as roads for better traffic flow and water drainage for residents throughout the area.
«This support, along with the team's investment, will be crucial to ensuring the local and Illinois economies receive a dramatic, long-lasting influx of investment and new tax revenue of a magnitude never experienced before in the region.»
I respect them for the statement and it makes sense to me, why build a state-of-the-art stadium if you're driving over potholes o get there. Time will tell if they develop the property or not, but for now at least we know that there are still plenty of things to be done before the Bears move.
