Indiana Governor Signs Bill to Attract Chicago Bears Stadium Move
Indiana is positioning itself as a potential new home for the Chicago Bears following recent legislative developments. Governor Mike Braun has signed a bill aimed at establishing a stadium authority. This move is part of Indiana’s effort to attract the NFL team from their current location at Soldier Field in Chicago.
Indiana Governor Signs Bill to Attract Chicago Bears Stadium Move
The legislation was approved by the Indiana Senate with an overwhelming majority, securing a vote of 45-4. This new law paves the way for significant funding and financing arrangements to support the construction of a stadium in Hammond, Indiana. The proposed site is located approximately 20 miles from Soldier Field, making it a viable option for the Bears.
Funding Details for the New Stadium
- The Bears have pledged to invest $2 billion towards the stadium’s construction.
- Public funding, anticipated to be around $1 billion, will be generated through increased taxes on food, beverages, and hotels.
- Hammond has been granted the authority to establish a special taxing district around the new facility.
Illinois’s Legislative Response
While Indiana has made substantial progress, Illinois lawmakers have not remained silent. A modified mega-project bill passed through the Illinois House Revenue and Finance Committee by a 13-7 vote. This bill includes a proposal for a 20-year property tax freeze for significant projects, such as a new Bears stadium, contingent upon a special payment to the local government.
Despite these efforts, Illinois has yet to bring the bill to a full House vote and is not scheduled to reconvene until March 18. This delay puts Indiana at a considerable advantage.
Bears Remain Neutral Amid Legislative Maneuvers
As the political tug-of-war continues, the Chicago Bears have opted not to commit to either state. Their official statements recognize Indiana’s legislative progress while also acknowledging Illinois’s actions. The team appreciates the ongoing dialogue with both state governments but has not indicated a preference.
With significant developments unfolding, both states are on high alert as they vie for the future of the Chicago Bears. The outcome will depend on further legislative action and the Bears’ strategic decisions in the coming months.