Bears, school districts fail to reach deal on Arlington Heights property value – NBC Chicago
The Chicago Bears and three suburban school districts have failed to reach an agreement on the value of the team’s Arlington Heights property, pushing the decision to the Cook County Board of Review. The property stands valued at $192 million by the Cook County Assessor, sparking a property tax dispute that could impact the team’s future in the suburb. The Bears purchased the property for $197.2 million in February 2023, intending to build a stadium development. The team argues that the value of the land has been inflated, while the school districts defend the valuation. The ongoing dispute could potentially result in the Bears considering remaining in Chicago.
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