Yet even with the questions and people pre-selected, the Chicago Bears GM, Kevin Warren, still got “confrontational” and threatened people who asked questions. The original price of the Stadium and Entertainment District for the Bears new stadium was projected around $5 billion. Billionaires don't become billionaires without keeping every last cent that they can, and I can only guess that is the attitude that the Bears are taking.
The Chicago Bears publicly admitted to buying land in nearby Arlington Heights to likely build a new stadium. However, it appears that a Chicago (technically Cook County) assessor is now holding the Bears accountable for future property taxes on this land. The county assessor raised the property tax value of this land by six times (applies to tax year 2022 and beyond), and that does not even include the construction that will be done.
The city assessed the property value where the arena was built along with surrounding developments at $1.7 billion for tax purposes. The Warriors are asking the city to lower that assessment by just a little.....a billion dollars, that is. The Warriors believe the property value is at $706 million for 2022, which is $1 billion less than the city's value and would save the team over $11 million in property taxes for 2022.
