Jeff Buchholz

Of that $500, 60% of it, and here's where my math goes away,

60% of that money would stay in the local community to provide property tax relief for people living around the megaproject.

For instance, local governments could set up their own rules for that.

And 40%, the remaining 40%, would go to a statewide property tax relief fund that's been in existence for a while but has never had a funding mechanism for it.

So it's sitting empty, waiting for someone to decide how to put money in it, and this bill seems to do that.

So those are the biggest changes, and the ones that are getting the most attention is this property tax relief portion.

And it's consistent with what the House Speaker, Chris Welch, Emanuel Chris Welch, has been saying all along, that the legislature's focus...

is affordability this year.

And this is a big affordability provision in addition to a bill that allows developers across the state some incentive to stay or move to Illinois.

And they're super proud of that.

It's now headed to the Senate.

The Senate is out of session.

They'll be back in next week.

The House is going to wrap up today.

I think they're about to be in session right now.

But as you suggest, there's still some room for work to be done.

The Bears released a statement after the vote, and the vote came like 7.30, quarter to 8 last night.

The Bears released a statement saying that they welcomed the progress, and I want to make sure that I get this right, this particular quote.

Additional amendments are necessary to make the Arlington Heights site

feasible for our stadium project.