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 is set to vote on a tentative property tax deal with the Chicago Bears and three local school districts, which would save the Bears $5.4 million a year in property taxes and establish a timeline for the Bears to decide on building a new stadium in the northwest suburbs.

Chicago Mayor Brandon Johnson’s bold plan to fund a new lakefront stadium for the Bears has sparked intrigue and controversy.

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.