re: Bears to request more than $2 billion in public money to fund $4.6 billion stadium.

quote:

---

A 2% hotel tax has been used to pay bonds that covered renovations for Soldier Field and Guaranteed Rate Field, but the debts have outpaced that income. Per the Tribune, taxpayers still owe $629 million on renovations for stadiums that both teams are now trying to abandon while asking Illinois to pay billions to help them do so.

Some of the proposed borrowing would reportedly be used to roll over that debt, with a plan to pay it off over the course of 40 years.

---