Indiana House to discuss Bears stadium bill
INDIANAPOLIS - Indiana lawmakers on Monday will discuss whether to advance a bill that would take another step forward in luring the Chicago Bears to the Hoosier State.
What we know:
Senate Bill 27, would establish a Northwest Indiana Stadium Authority to finance, construct and lease a stadium. The Indiana House of Representatives Ways and Means Committee voted to pass the bill last week by a 24-0 margin.
The Indiana House is currently taking a break for lunch and is expected to resume its session at 12:30 p.m. CT It will be live-streamed in the video player at the top of this story.
The proposal establishes a public-private partnership model, with the Bears expected to contribute roughly $2 billion toward the project. Bonds would be repaid through revenue generated in the stadium district, including admissions taxes, food and beverage taxes, and innkeeper’s taxes.
Leaders crafting post-Bears plan for Soldier Field
Wherever the Bears end up - there's a consensus from city and state leaders that they will eventually be departing Soldier Field. Fox 32 Chicago has learned that city and state leaders have been crafting a post-Bears plan for the stadium - and talks have been heating up in recent weeks. Political reporter Paris Schutz joins us live outside of Soldier Field with the exclusive details.
What's next:
If passed by both chambers, the bill would go to Gov. Mike Braun for his signature.
It’s important to note: SB 27 does not build the stadium. It creates the authority and financing structure necessary for land acquisition, due diligence, and formal negotiations.
Whether the Bears ultimately relocate will depend on final legislative approval, financial structuring, and the team’s commitment.
The Source: The information in this article came from The Associated Press and previous Fox Chicago reporting.