The Arlington Heights Village Board on Monday night signed off on an agreement that establishes what the Chicago Bears would pay in property taxes, a significant step that clears the way for a potential new stadium in the northwest suburb,

The Village of Arlington Heights Board of Trustees unanimously approved a tentative property tax deal that was brokered between the Chicago Bears and three local school districts Monday night. According to the proposal’s memorandum of understanding,

The Arlington Heights village board on Monday approved a deal nearly two years in the making that aims to resolve the property tax dispute between the Chicago Bears and three area school districts.

The Arlington Heights Village Board voted to approve a property tax deal with the Chicago Bears on Monday night.

Village trustees and Mayor Tom Hayes unanimously approved a deal made public last week that would lower the Bears’ property tax bill to $3.6 million a year for the next three years.

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