Sounds like Rockford, IL is making a pitch for the Bears now, as well as Naperville and Arlington Heights. And apparently the new Chicago mayor wants to reopen talks with the Bears to keep them in Chicago. link
I was doing more in-depth research on how and when the Bears purchased the land. IMO, they made a major mistake in closing on the property before having the property tax situation fully clarified and having a written agreement with the Village of Arlington Heights. As I said before (and I know repeatedly), you have to take the tactical advantage in each and every step with the governmental body in these kinds of negotiations. Because (as the Bears are finding out now), the governmental body will not hesitate to use the exact same tactics on you if they feel like they can get away with it. This is how this game is played. Kind of like the rules of interior line blocking (aka, "a fistfight in a phone booth") ... get low, hit hard and hit again.
The heck of it is that there is no need for the tax greed here. There is a LOT of money that will be generated year round with that big footprint, campus development - all kinds of businesses will be making money and generating tax dollars that do not exist right now. Tons of money to be made by all - including the tax recipients. But through greed they risk crapping the bed here and losing it all. The Bears can sell that property and not lose a dime - if they feel another venue will give them a fair deal and work with them. That's not a "gift" or a handout. It's smart fiscal sense. Yeah, dachuckster, I could see Indiana being more rational with the tax situation. The Illinois government entities are so short-sighted here. They are about to kill the goose that can lay golden eggs for the next 50, 75 or even a hundred years - and turn a blighted site into a mecca of entertainment year round (the NFL stadium is just a small part of this pie).
Post by dachuckster on Jun 6, 2023 12:52:53 GMT -6
The thing that just amazes me about the shortsightedness of what Arlington Heights, Cook County and the State of Illinois are all doing.
You have a long standing pro football team that wants to stay in and around its city. They want to buy a property that no one else wants (it had been for sale for years without any serious buyers). And the Bears want to form an investment group that will bring in up to $5 billion or $6 billion dollars. Creating jobs that do not currently exist in the community. With no taxpayer money.
What the hell am I missing here?
If the Bears had been as ruthless and cold-hearted as I would have been (assuming I was in George McCaskey's shoes), the first shot would have been to look to what other city I would move to. And then we would be negotiating with the State of Illinois to see what I could get out of them to keep the Bears in Illinois. Then it would be a competition between cities as to where I would build. I do not want to defend the McCaskeys as they have done almost all they could do to ruin the Bears as a franchise over the last 35 years. But in this case, it looks to me that George is being a pretty good citizen here.
In a couple of years (after my wife is fully retired), I plan on selling my house and moving to the St Louis metro area as my oldest son works & lives there. Getting out of this state will be one of the happiest days of my life.
In a couple of years (after my wife is fully retired), I plan on selling my house and moving to the St Louis metro area as my oldest son works & lives there. Getting out of this state will be one of the happiest days of my life.
We just moved one year ago yesterday from Illinois to Iowa and regret absolutely nothing. lol Glad the end is in sight for you!