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Mayor: If the Chicago Bears came to Hammond it could double assessed value; many details confidential
Summary
At a Jan. 28 "Mayor’s Night Out," Mayor Tom McDermott described the possible economic scale of a hypothetical Chicago Bears stadium in Hammond, warning much would be covered by nondisclosure agreements and saying infrastructure upgrades and state participation would be required. He also contrasted stadium development with data centers.
Mayor Tom McDermott told residents at a Jan. 28 Mayor’s Night Out that a move by the Chicago Bears to Hammond would be transformative but largely subject to confidentiality. “They would force everybody involved to sign NDAs,” McDermott said, adding that if the team chose Hammond the development could effectively double the city’s assessed value.
McDermott said the stadium itself could cost in the billions and described the broader development the team would seek: hotels, restaurants and retail concentrated around a stadium to capture weekend spending. “The Bears want the whole weekend,” he said, describing an entertainment district…
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