Illinois House unveils new version of Bears’ megaprojects bill – Capitol News IL

The measure would allow the Bears and other “megaproject” developers to negotiate payments in lieu of taxes with local taxing bodies. One amendment would ensure half of those PILOT dollars would go toward property tax relief. There’s also a new provision that explicitly prohibits use of the PILOT tool for data centers, which have been identified as a driver of rising energy costs and demand.
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Deb
1 day ago

The money slated for property tax relief will be repurpose to funding for illegals, leftist policies, and into Democrats pockets. Dems are using gas tax money has been confiscated from rad and bridge repair have been diverted to Democratic agendas.

Isn’t Illinois Fun?
1 day ago

Funds from this will go toward property tax relief like tolls and gas tax money goes to CTA and Metra instead of the roads it’s meant for. That all aside, the Bears have been seeking a solution for four years and now there’s a big rush to make sausage that could have been thoughtfully designed (or rejected as unaffordable) over time. It’s gonna get crammed somewhere.

Mark
1 day ago

Business decision for The Indiana Bears to move . Illinois is dragging its feet costing the Bears MILLIONS IN ADDED COSTS THE LONGER THEY WAIT . What has it been 4 years and still no agreement in WRITING .

Hello, Indiana!
1 day ago
Reply to  Mark

That’s what happens when you schedule a meeting with the brain trust that runs IL and they cancel at the last minute. The arrogant f ups in charge around here are starting to believe their own lies as to how great they are and how wonderful IL is.

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