Due to its poor financial health and lagging economy, Illinois carries unique economic and fiscal risks from a prolonged market downturn or recession. The state must act now to mitigate harm from COVID-19.View Report
The village of Hoffman Estates penned a $1.8 million deal to extend the arena’s naming rights just days before Sears’ bankruptcy filing.
Sears, a long-time beneficiary of Illinois tax credit programs, has filed for Chapter 11 bankruptcy.
The village of Hoffman Estates took over Sears Centre Arena in 2009, but the multi-purpose stadium has yet to turn an annual profit on its own.