Koch brothers-backed political advocacy group delivers signed petitions to Arlington Heights Village Board calling for ‘anti-corporate welfare’ law. Rule would impact Bears’ plans to relocate to village
Brian Costin, Illinois Director of Americans for Prosperity, speaks during a Village Board meeting at Arlington Heights Village Hall Tuesday Sept. 6, 2022, in Arlington Heights, Ill.to the Arlington Heights Village Board Tuesday that could bar the village from offering taxpayer-funded financial incentives to the Chicago Bears football team — which is looking to buy the Arlington Park International Racecourse for $197 million — as well as any other business that might open in the area.
“We’ve seen stadium bills and corporate welfare projects turn sour for taxpayers across Illinois,” Costin said, citing examples in the towns of Bridgeview and Hoffman Estates.Chicago Bears show renderings for enclosed stadium complex in Arlington Heights, but say they’d expect some public funding for surrounding entertainment districtArlington Heights officials said passing such a measure would put the village at a major financial disadvantage to its neighbors.
“This is a very extreme proposition,” Recklaus said. “It would literally cripple the village’s ability to engage in any economic development throughout our entire community.”Recklaus added that major swathes of the village, like its downtown area, were redeveloped through public financing incentives like tax increment financing districts.Will the Chicago Bears leave Soldier Field? Here’s what to know about the team’s possible move to Arlington Heights.
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