Arlington Park Demolition Cost and Bears' Move to Arlington Heights
TL;DR Summary
The demolition of Arlington International Racecourse by the Chicago Bears will cost $3.8 million, according to documents filed with the village. The Bears are attempting to demolish the park to lower the assessed value of their land in hopes of paying a lower property tax threshold over the next two years. The schools value the land at $95 million, while the Bears countered with a $52.5 million land value and tax payments of $4.3 million.
- Report: Demolition at Arlington Park will cost $3.8 million NBC Sports
- Bears Arlington Heights stadium subsidy bill delayed Crain's Chicago Business
- House committee to hear legislation in support of plans for Chicago Bears to move to Arlington Heights, IL race track ABC7 Chicago
- 'This is not a minor project': Arlington Park teardown to cost Bears $3.8 million Daily Herald
- Arlington Heights considering Bears' demolition request because town 'does not have any authority' not to, mayor says Chicago Tribune
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