Chicago Bears President Reveals Plans for Arlington Heights Land as Focus Shifts to Lakefront
ICARO Media Group
In a recent press conference, Chicago Bears President Kevin Warren provided insights into the future of the team's land in Arlington Heights, as the organization's stadium plans shift towards the lakefront area in Chicago.
Warren stated that the Bears currently own a sprawling 326-acre property in Arlington Heights, making them the largest landowner in the suburb. Despite the team's decision to pursue a stadium on the Chicago lakefront, Warren acknowledged the value of the Arlington Heights land, emphasizing that there is no rush to determine its best use.
When asked about the possibility of Arlington Heights making another offer in the event that the lakefront plans fell through, Warren firmly affirmed the team's commitment to build on the lakefront, stating that they intend to put a shovel in the ground there.
While the Bears' focus seems to be shifting towards the lakefront project, Warren acknowledged that significant work lies ahead. He emphasized the need for momentum, vision, and tenacity in successfully navigating the development process. Warren expressed optimism about building momentum for the lakefront plan, with a hope to progress towards completion by 2024.
These comments from Warren followed statements from Arlington Heights officials, who emphasized that negotiations over a potential stadium in the suburb were ongoing and that no final decisions had been made. The village reiterated that the outcome of discussions with the City of Chicago remained unknown.
The Bears' acquisition of Arlington Park last year for approximately $200 million signified a potential move to Arlington Heights. However, unresolved issues regarding property taxes, specifically negotiations with local school districts regarding the site's value, presented obstacles.
Last week, the school districts involved in the negotiations released a statement expressing their commitment to transparency and fairness. They indicated their willingness to meet the Bears' request for predictable tax payments. The districts proposed options, including a five-year plan with an average annual payment of $5 million, which were ultimately not accepted by the team.
Furthermore, Arlington Heights village leaders presented a tax proposal last week, aiming to increase tax revenues above existing levels while considering any additional costs associated with the project. The proposal outlined tax payments of $6.3 million in the first year and $3.6 million in the second year from the Bears. Village officials believe the proposal is fair and sensible but are awaiting responses from both the team and the school districts.
As the future of the Arlington Heights land remains uncertain, the Bears continue to pivot their attention towards the lakefront. While hurdles and challenges lie ahead, the team remains committed to collaborating with various stakeholders to achieve their vision for a new stadium and contribute to the city's cultural and recreational landmarks.