Bears’ Arlington Heights property valued at $125M amid ongoing tax dispute, Board of Review decides – NBC5 (Chicago)

At a hearing last month, an attorney for the Bears contended last month that the property should be valued at $60 million. At the same hearing, an attorney for three suburban school districts – which rely on property taxes for their funding and intervened in the Bears’ appeal – argued the property is worth $160 million. The $125 million value is for one year, taxed at the commercial rate of 25%, rather than the vacant rate of 10%.