Tax plan proposal filed in Springfield that could aid Bears’ proposed Arlington Heights development – Chicago Tribune/MSN
The measure filed Monday, which also could be used for other mega projects, would require companies such as the Bears making such agreements to negotiate an annual payment to local taxing bodies on top of property tax payments based on the frozen assessment. The idea is to create an incentive for larger developments that would not occur without the assistance, according to supporters.
Chùy Garcia’s vote against the resolution is particularly significant because he’s a candidate for mayor in Chicago, and the vote is one more bit of evidence about where he stands on big picture issues.