Arlington Park track’s property tax bill cut by half

Churchill Downs Inc. officials have agreed to pay a $7.8 million property tax bill for Arlington Park this year, after originally being hit with a $16.1 million bill for the shuttered racetrack. (Stacy Revere/Getty)

After an agreement between Churchill Downs Inc., the Cook County Board of Review and several suburban school districts, the property tax bill for Arlington Park this year was reduced to $7.8 million.

That’s less than half the initial $16.1 million tax bill estimated when the property was reassessed by Cook County Assessor Fritz Kaegi’s office last year.