(WBBM NEWSRADIO) -- With the ink dry on the Chicago Bears’ purchase of the old Arlington Racecourse, local school officials are trying to figure out what it will mean for the property taxes they rely on.
The school boards for Districts 15 and 214 in Arlington Heights and Palatine have already approved hiring lobbyists to monitor a bill in Springfield that could give tax breaks to the Bears in the form of frozen property taxes.
Interim Supt. Ken Arndt of High School District 214 said they’re following the bill and are concerned about potential implications for school funding and they don’t have a seat at the table.
This could be especially problematic if the stadium mega-development drives more housing and additional students, he says.
Arndt says the district has been supportive of the Bears moving to Arlington Heights and the potential opportunities for students.
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