Bears stadium bill would mean millions in tax increases, impact statement shows
The precise cost of the project is unknown at this time though the Chicago Bears have committed $2 billion and public funding could total $1 billion.
The precise cost of the project is unknown at this time though the Chicago Bears have committed $2 billion and public funding could total $1 billion.
As amended Thursday, Senate Bill 27 creates a financial framework for the construction of a new stadium and puts to rest speculation as to where that stadium might be built.
The possibility of a Chicago Bears stadium in northwest Indiana is already accelerating development planning and drawing new investor attention, according to local officials and development experts.
Fishers Mayor Scott Fadness said he appreciates an attempt to compromise on rental cap ordinances, but feels the Legislature isn’t listening to what local communities want.
Part of the funding will help expand the White Lodging-J.W. Marriott, Jr. School of Hospitality and Tourism Management program to Indianapolis.