Jeff Buchholz

That's probably not going to happen.

This thing's been sailing through the Indiana legislature, and I have no reason to think that that's not going to happen.

So that's where we are in Indiana.

In Illinois, the—

It's been called the pilot bill.

It's payment in lieu of taxes.

This is the bill that would allow the Bears to negotiate and lock in long-term property tax rates for the Arlington Park property that it bought three years ago for a stadium.

This proposal is coming up in a House committee tomorrow.

It's sponsored by Representative Mary Beth Canty, who represents that area.

The governor has indicated he is on board with this.

He thinks there's broad agreement in the legislature.

We'll see what happens in the committee.

But Indiana's got a little more daylight to work with in terms of when their session is over.

It's not supposed to end really.

The general session doesn't really end until May.

But a lot of their timing may be dependent on what happens in Indiana.

It's complicated, yeah.

That's true.

So my understanding is that this would deal with the stadium and whatever entertainment properties.

Obviously, if a residential development were built there, then the developer of that residential property would incur the property tax burden until such time as it's sold to a private owner, and then that's what happens.