Bears President Kevin Warren agree to release $200b on…

Chicago Bears President and CEO Kevin Warren is billing the potential construction of a closed-roof stadium along Chicago’s lakefront as the chance for the city to have “a crown jewel that will create jobs, opportunities and mega events.”

Village officials came up with a compromise over a tax property bill for land the Bears already own in Arlington Heights.

The potential deal would give the Bears tax liabilities of about $6.3 for the first year and $3.6 million for the second year. The current tax bill for the former Arlington Park property is nearly $10 million.

In a statement from three local school districts, they said they offered the Bears one assessment of the property for five years that would have resulted in an average annual payment of $5 million, but the team did not accept the proposal.

Arlington Heights Mayor Thomas Hayes spoke to CBS 2 on Tuesday and said the numbers were shared with the Bears last month.