Indiana lays out funding framework as Bears weigh Hammond stadium

1 min read
Source: Indiana Capital Chronicle
Indiana lays out funding framework as Bears weigh Hammond stadium
Photo: Indiana Capital Chronicle
TL;DR Summary

Indiana lawmakers advanced a funding package for a Chicago Bears stadium in Hammond, potentially unlocking about $1 billion in public money from new county restaurant and hotel taxes and a 12% admissions tax, plus a 1% food-and-beverage tax and hotel-tax tweaks; the Bears would invest roughly $2 billion, but a final deal isn’t done as site due diligence proceeds and Illinois negotiations continue.

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