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Kaegi moves to raise Bears' Arlington Heights property taxes

By Ryan Wu
Published in Financial Planning
May 02, 2023
1 min read
Kaegi moves to raise Bears' Arlington Heights property taxes

As the Chicago Bears consider a potential move to Arlington Heights, Mayor Tom Hayes has taken steps to raise the team’s property tax. This move is aimed at ensuring that the Bears pay their fair share of taxes if they decide to move their home base to Arlington Heights.

According to sources, Mayor Hayes has enlisted Cook County Assessor Fritz Kaegi to help re-evaluate the property taxes for the Arlington Park racecourse, which would potentially be sold to the Bears for their stadium. The Bears have not yet released a statement on whether they will be accepting the offer to move.

This move by Mayor Hayes is a bold one, as it comes amidst criticism from residents who are concerned about the potential noise and traffic that a Bears stadium could bring to the area. However, the mayor is clearly committed to ensuring that the taxpayers in his city do not bear the brunt of the costs for a new stadium.

The Bears have been trying to find a new home for years, as their current stadium - Soldier Field - is outdated and does not have the amenities that fans and players have come to expect from modern stadiums. However, with Mayor Hayes raising their property taxes, it remains to be seen whether they will go through with the move.

The potential move of the Chicago Bears to Arlington Heights has been the talk of sports fans in the area for several months now. However, with the possibility of increased property taxes, it is clear that there are more implications to the move than just the excitement of a new stadium. It is important for taxpayers and fans alike to stay informed about this issue and its potential impact on the community.


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Ryan Wu

Ryan Wu

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