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Mayor McDermott touts potential Bears stadium for Hammond, says city would not displace homes
Summary
At a Jan. 28 Mayor's Night Out, Mayor Tom McDermott described the economic upside if the Chicago Bears relocated to Hammond, saying a stadium deal could add billions in assessed value and asserting "0 homes" would be taken; he also warned major deals would be governed by nondisclosure agreements and require state infrastructure funding.
Mayor Tom McDermott spent the largest portion of Hammond’s Jan. 28 Mayor’s Night Out addressing repeated questions about persistent media and public speculation that the Chicago Bears could relocate to Hammond. He said a stadium and associated development could be worth billions and stressed that any such deal would need state and private participation on major infrastructure work.
McDermott framed the move as a massive economic opportunity, saying the team and related development could roughly double assessed value in the city and citing multi-billion-dollar figures for the stadium and surrounding…
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