The demolition requested by the Bears to undergo at Arlington Park will cost them a hefty price but will save them in the long term.
But, Village Manager Randy Recklaus added to the Herald"This is not a minor project."
"They have to follow our code," Recklaus told the Herald."They have to follow our processes. And there's back and forth, where we will ask them, 'What's going to be your method of managing dust? Where are your trucks going to be coming in?' Like any permit, there's a certain amount of supervision to ensure that they're doing this in a way that's going to have as little of an impact on the village as possible and can be done as safely as possible.
The reason the Bears are attempting to demolish the park is to lower the assessed value of their land in hopes of paying a lower property tax threshold over the next two years. The Bears are negotiating values for the land with the surrounding school districts. President and CEO Kevin Warren is running point on this part of the operation.
As it stands, the schools value the land at $95 million. The Bears would pay $7.9 million in annual property taxes for the next two years if that value were cemented. The Bears countered with a $52.5 million land value and tax payments of $4.3 million, according to the Herald.
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