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Ways and Means advances bill to enable Chicago Bears stadium in Hammond
Summary
A Ways and Means committee advanced an amended Senate Bill 27 to create the framework for a Chicago Bears stadium in Hammond, backing bond-based financing paid by local admissions and proposed county taxes; supporters highlighted jobs and investment while a taxpayer-advocacy witness urged caution.
The House Ways and Means committee advanced an amended Senate Bill 27 to establish the framework for building an NFL stadium near Wolf Lake in Hammond and to enable a public-private partnership with the Chicago Bears.
Speaker Houston, the bill sponsor, told the committee the legislation would allow the state to support a bond issuance to fund stadium construction, with repayment expected from a Hammond admissions tax and revenue captured inside a proposed Public Stadium Development Area (PSDA). "The Chicago bears are willing to invest over $2,000,000," the sponsor said during his presentation; when a committee member asked for clarification he corrected the figure as "with a B," indicating the organization’s contribution is hundreds of times larger than the…
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