Pritzker: 'Need for speed' for megaprojects bill with tax breaks

Pritzker: ‘Need for speed’ for megaprojects bill with tax breaks

Spread the love

(The Center Square) – Gov. J.B. Pritzker says there is a need for speed when it comes to the Chicago Bears and megaprojects legislation that provides tax breaks for the National Football League team.

The governor spoke at Northwestern University in Evanston on Friday and was asked about the team wanting changes to House Bill 910.

The megaprojects bill is now in the state Senate after clearing the Illinois House last week.

“I can tell you that there is a need for speed here. We need to move somewhat expeditiously. I realize the Senate has some to work to do and there will be amendments, no doubt about it,” Pritzker said.

HB 910 provides tax incentives for the Chicago Bears and other megaprojects worth $100 million or more.

When asked by a reporter if speed might come at the expense of taxpayers, Pritzker said the Bears have been talking to lawmakers for two years.

“We’re not talking about speed here, or it shouldn’t be a discussion about speed. I think now you’ve got a bill that probably has too many items associated with it or at least some of them that need amending,” Pritzker said.

The governor was asked if he felt pressure with the NFL scheduled to discuss the Bears stadium situation at a meeting next week.

Pritzker said it’s not as if Indiana will be chosen just because Illinois doesn’t have a bill.

“Having said that, if there is not true progress that gets made, if it isn’t obvious to people that the Senate is moving in the right direction, I think that will make it challenging,” Pritzker said.

‘Field of Schemes’ co-author Neil deMause said leagues and commissioners don’t hold guns to the heads of the owners who employ them.

“If (Bears chairman) George McCaskey and the Bears ownership want to punt everything for a year because they think they can get a better deal next year, I have no doubt that the NFL will say, OK fine, let’s go ahead and do that,” deMause told The Center Square.

According to deMause, it’s standard practice for teams to set arbitrary deadlines.

Americans for Prosperity Illinois estimated that the property tax break for the Bears’ $5 billion development in Arlington Heights could reach $330 million per year.

For the proposed $20 billion One Central Development near Soldier Field in Chicago, the property tax break could be $800 million per year.

In both cases and with other megaprojects that qualify under House Bill 910, AFP Illinois said all of that money could be shifted to other taxpayers in surrounding communities.

Pritzker was also asked about the Bears’ push for infrastructure funding from the state and said the team’s request remained around $800 million.

The governor said the infrastructure projects would happen anyway for Arlington Heights and surrounding communities.

“I don’t want to overload this and make it sound like the Bears are the ones demanding all this,” Pritzker said.

Pritzker closed the question-and-answer session by reiterating his earlier statements that the number one question is what’s best for taxpayers.

Jon Styf contributed to this story.

⚠️ Heat Advisory issued July 27 at 5:48AM CDT until July 27 at 9:00PM CDT by NWS Chicago IL
Today Jul 26
Showers And Thunderstorms Likely
90° 70°

Showers And Thunderstorms Likely

💨 5 to 15 mph 💧 58%

Leave a Comment





Latest News Stories

Report: $12B spent on assisted living Medicare, Medicaid

Report: $12B spent on assisted living Medicare, Medicaid

By Andrew RiceThe Center Square Medicare and Medicaid funding accounted for almost $12 billion of services provided through assisted living facilities, according to a new report released by the Government...
Illinois Quick Hits: Aqua seeks water rate hike

Illinois Quick Hits: Aqua seeks water rate hike

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Another Illinois utility wants to raise rates on consumers. The Citizens Utility Board said a proposed $26.5...
Pritzker signs AI regulation critics say harms innovation, ‘picks winners’

Pritzker signs AI regulation critics say harms innovation, ‘picks winners’

By Sean Reed | The Center SquareThe Center Square (The Center Square) – Illinois Gov. J.B. Pritzker signed legislation Monday that he and lawmakers said intends to provide new protections...
Microsoft cuts over 600 Washington jobs, 4,800 globally amid corporate restructuring

Microsoft cuts over 600 Washington jobs, 4,800 globally amid corporate restructuring

By Andrew PaxtonThe Center Square Microsoft announced layoffs Monday impacting 605 workers based out of Washington, part of a planned broader corporate restructuring that will eliminate 4,800 employees globally. According...
Report: Modernization of central bank intertwined with regulations, security

Report: Modernization of central bank intertwined with regulations, security

By Andrew RiceThe Center Square Regulations need to be scrutinized and security concerns in blockchain technology should be addressed by the Federal Reserve, the Government Accountability Office says in a...
500-plus fugitives arrested across two states

500-plus fugitives arrested across two states

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – More than 400 fugitives have been arrested in Illinois, and another 117 in Missouri, over the last...
WalletHub study examines the financial independence of US states

WalletHub study examines the financial independence of US states

By Christine JohnsonThe Center Square Idaho is the nation's most financially independent state, while Kentucky ranks as the least financially independent, according to a new WalletHub study. Ahead of the...
Michigan's Democrat primary in U.S. Senate race narrows

Michigan’s Democrat primary in U.S. Senate race narrows

By Elyse ApelThe Center Square Michigan state Sen. Mallory McMorrow announced Sunday she is suspending her campaign for the Democratic nomination for the U.S. Senate. Her departure narrows the party’s...
DOJ, states could secure 53 million eggs in price manipulation settlement

DOJ, states could secure 53 million eggs in price manipulation settlement

By Elyse ApelThe Center Square Minnesota Attorney General Keith Ellison announced a multi-state settlement that could deliver more than 50 million eggs and $3.3 million. This comes after a joint...

WATCH: State fails to investigate daycares with no children despite media reports

By Carleen JohnsonThe Center Square Many Washington state daycare providers receive large taxpayer subsidies, but an investigation by The Center Square found several that had few, if any, children and...
Illinois Quick Hits: Woman sentenced for voting twice

Illinois Quick Hits: Woman sentenced for voting twice

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A Hoopeston woman has been sentenced to three years of probation and ordered to pay a $2,500...

Embattled state lawmaker resigns after investigation into ‘unethical’ behavior

By Sean Reed | The Center SquareThe Center Square (The Center Square) – After two days of calls for his resignation by Democrat leaders, embattled Illinois state Rep. Harry Benton,...

Everyday Economics: What jobs data actually show and why Fed is changing how it talks

By Orphe DivounguyThe Center Square Last week's jobs report release was June's, and it came in soft. Payrolls rose just 57,000, against a roughly 115,000 consensus, and April and May...
Watchdog; Bill mandating more reporting from tax-exempt hospitals 'common sense'

Watchdog; Bill mandating more reporting from tax-exempt hospitals ‘common sense’

By Thérèse BoudreauxThe Center Square Thousands of hospitals subsidized by American taxpayers could face heightened fiscal scrutiny under new legislation heading to the U.S. House floor. Currently, nonprofit hospitals must...
New statewide tenant law signed; Chicago seeks to push further

New statewide tenant law signed; Chicago seeks to push further

By Sean Reed | The Center SquareThe Center Square (The Center Square) – Illinois Gov. J.B. Pritzker signed a law into effect that lawmakers say intends to increase renter protections...