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Will Chicago Get 2 New Ball Park Stadiums ?


Will Chicago Get 2 New Ball Park Stadiums ?

Will Chicago Get 2 New Ball Park Stadiums ?

Plans Were Recently Unveiled For An All New Chicago White Sox Ball Park In Chicago's Newest Neighborhood, The 78. The 78 Is An Impressive 62-Acre Site Along 1/2 A Mile of Riverfront, Bordered by Roosevelt Road to the North, to the West of  Museum Park & The South Loop. The Mixed Use Development Will Merge New Homes, Events, Entertainment, Sports & Recreation, The White Sox Ball Park, In Addition to an Innovation Center, Technology And Academics.

Chicago Bears Growling At Arlington Height Tax Issues

In A Dramatic Exit, The Chicago Bears Bought The Former Arlington Heights Race Course. Cook County Has Now Valued The Property At $ 192 Million, Which Would Not Double Or Triple, But QUINTUPLE Taxes On The 362 Acre Property. Why The Huge Jump? Cook County Assesses On A Triennial Basis -- Which Adjusted The Value From The Original $ 33 Million To The Current Purchase Price. That Decision Puts Heightened Pressure On Ehe Bears And Three Area School Districts, Which Rely On Those Property Taxes For Their Funding, To Reach An Agreement In Their Ongoing Negotiations Over Exactly How Much The Site Is Worth. The Bears Bought That Property Aiming To Build a Multi-Billion Dollar Stadium Development On The Site With Restaurants, Retail, Residential Real Estate And More. It's Only Logical For The Bears To Require Tax Certainty Prior To Committing To Breaking Ground, Still Unresolved By The School Districts.

What Happens Next? The Chicago Bears Are Considering Returning To Chciago And Building A New Stadium Just South Of Soldier Field. Will The Come To A Resolution Or New Deal ? Will The Friends Of The Parks, Which Battled With George Lucas Over His Museum ( Which Is Now Housed In LA ), Allow This To Proceed ? Stay Tuned.......

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