Arlington Heights board expected to reject petition to ban taxpayer subsidies for Chicago Bears stadium development
Mayor Tom Hayes and several trustees disparaged the “Anti-Corporate Welfare Ordinance” at their previous meeting in September, with none speaking in favor of it, making its passage unlikely.If the measure is rejected, sponsors may try to gather signatures from 12% of the registered voters, or nearly 7,000 signatures, to get the measure on the ballot without board approval.
Americans for Prosperity, part of a national organization that’s backed by the conservative billionaire Koch brothers, maintains the referendum would be binding, but village officials say it would be advisory, meaning the board could choose to ignore the results. Village Manager Randall Recklaus told the board that the measure would not only keep the village from helping the Bears’ proposal, but would ban any village incentive to any business. That would quash 11 village incentives, from subsidized public parking to business tax abatements.
One possible form of assistance to the Bears would be a Tax Increment Financing District, or TIF. Any property tax increase in the area would be reserved for 23 years for redevelopment of infrastructure, such as roads and sewers, on the site, instead of going to local taxing bodies such as school districts.
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