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Message
re: Bears to request more than $2 billion in public money to fund $4.6 billion stadium.
Posted on 4/24/24 at 10:05 am to AUCE05
Posted on 4/24/24 at 10:05 am to AUCE05
quote:
They can go the Oakland route and refuse to help while watching every pro team leave.
Chicago would be awarded an expansion team by the NFL two seconds after they relocate and I'm sure the people of Chicago would be just fine getting rid of the McCaskeys as the owners of their football team.
0
Posted on 4/24/24 at 10:05 am to Bench McElroy
I believe there’s been a number of studies that have shown sports stadiums in general are not the economy boom that they are hyped up to be.
Teams get to collect real cash while the taxpayers get the implied benefit into the economy (ie nada)
Teams get to collect real cash while the taxpayers get the implied benefit into the economy (ie nada)
Posted on 4/24/24 at 10:06 am to Bunk Moreland
This is how billionaires keep their money while taxpayers lose more of theirs.
Posted on 4/24/24 at 10:06 am to Bunk Moreland
I don’t see the Bears with any leverage here. If they don’t get their money and leave, another team will take their place. The NFL will see to it that the 3rd biggest market in the country always has a team.
The White Socks really can just kick rocks, though.
The White Socks really can just kick rocks, though.
Posted on 4/24/24 at 10:08 am to wildtigercat93
quote:
I believe there’s been a number of studies that have shown sports stadiums in general are not the economy boom that they are hyped up to be.
Yeah, a baseball stadium basically has the same economic impact on a city as a mid-sized department store. And that's a sport with 81 home games a year! The economic impact of a football stadium would be even considerably less than that.
Posted on 4/24/24 at 10:20 am to Bunk Moreland
Look at the bright side if you are a Bears fan:
If your taxes go up to pay for the stadium, at least you know you'll be guaranteed a super bowl birth for the first time in over 40 years after it is built.
If your taxes go up to pay for the stadium, at least you know you'll be guaranteed a super bowl birth for the first time in over 40 years after it is built.
Posted on 4/24/24 at 10:49 am to Bunk Moreland
Good fricking luck!
Brandon Johnson is a fricking idiot, who makes Cantrell & Lightfoot look like MENSA members. A stone-cold Commie.
The working class and business community who commute into the city daily and are its life-blood have been under constant attack.
Who has that amount of lakefront property in Cook county and it will answer all your questions?
Brandon Johnson is a fricking idiot, who makes Cantrell & Lightfoot look like MENSA members. A stone-cold Commie.
The working class and business community who commute into the city daily and are its life-blood have been under constant attack.
quote:
The team is set to reveal plans Wednesday for a $4.6 billion project to build a new enclosed stadium on the Lake Michigan lakefront area,
Who has that amount of lakefront property in Cook county and it will answer all your questions?
Posted on 4/24/24 at 11:12 am to Bunk Moreland
Chicago is in the express lane to becoming a new Detroit.
The CTU is demanding annual raises of 9%. Over $200 million being spent on illegals. Over a billion in bonds being sold to spend on "economic development". There are record numbers of office and retail vacancies in the Loop and Mag Mile. Illinois has the highest property taxes in the country, and a taxpayer is moving away every 8 minutes.
Great timing for the Bears and White Sox to ask for billions.
No one knows why the Bears suddenly pivoted away from Arlington Heights and back to the city. And it was recently revealed an Iraqi billionaire owns the land around the area where the Sox want their new ballpark. This all seems like typical crooked Chicago shite.
The CTU is demanding annual raises of 9%. Over $200 million being spent on illegals. Over a billion in bonds being sold to spend on "economic development". There are record numbers of office and retail vacancies in the Loop and Mag Mile. Illinois has the highest property taxes in the country, and a taxpayer is moving away every 8 minutes.
Great timing for the Bears and White Sox to ask for billions.
No one knows why the Bears suddenly pivoted away from Arlington Heights and back to the city. And it was recently revealed an Iraqi billionaire owns the land around the area where the Sox want their new ballpark. This all seems like typical crooked Chicago shite.
Posted on 4/24/24 at 11:15 am to rmnldr
Solider Field is anything but a perfectly fine stadium. It’s the smallest stadium in the league and it’s old as hell.
Posted on 4/24/24 at 11:15 am to Pedro
quote:
no ones leaving the third largest media market in the country.
Rams and Raiders left L.A. nearly 30 years ago, it's not impossible.
That being said, the Bears are out of their minds.
Posted on 4/24/24 at 11:16 am to Bench McElroy
quote:
Funding NFL stadiums with taxpayer money is the biggest rip-off in sports.
It worked here in Atlanta with MBS, but it helps that we have a retractable roof.
Posted on 4/24/24 at 11:17 am to Wally Sparks
The charter franchise of the NFL, in really the 2nd largest market, with an insanely loyal & crazy fanbase is not leaving lol.
Posted on 4/24/24 at 11:24 am to nvasil1
Oh stop with the hyperbole. IL’s population decline is largely contributed to a shrinking population in southern/central IL. Loss of huge companies in Peoria/Decatur (Caterpillar), etc has ripped away opportunities down there.
Chicago is fine. Yeah the pension budget issue is big problem but it’s still a huge global hub for tons of industries. It’s becoming the tech hub of the midwest. It’s not just going to turn into Detroit next year ??
Chicago is fine. Yeah the pension budget issue is big problem but it’s still a huge global hub for tons of industries. It’s becoming the tech hub of the midwest. It’s not just going to turn into Detroit next year ??
Posted on 4/24/24 at 11:57 am to ChiGator
quote:
Oh stop with the hyperbole.
I gave actual expenses that have been reported ad nauseum. The Sun-Times and Tribune have even reported on the vacancies downtown. That's not hyperbole.
quote:
IL’s population decline is largely contributed to a shrinking population in southern/central IL
Are they not taxpayers? The state is still carrying the outstanding debt on the current Sox park and Soldier Field's rebuild.
quote:
Chicago is fine.
Because it's "becoming the tech hub of the Midwest?" I've seen St Louis and Columbus make that claim, too. Chicago has a ton of problems at the moment.
quote:
It’s not just going to turn into Detroit next year
Never said that
Posted on 4/24/24 at 12:23 pm to WaterLink
That clip is so perfect.
Americans are like the congregation in Flip Wilson’s church.
Congregation “LET IT RUN REV! LET IT RUN!”
Reverend “ITS GONNA TAKE MONEY!”
Congregation “LET IT CRAWL REV! LET IT CRAWL!”
I disagree with this notion of taxpayers footing the bill for all these stadiums on a fundamental basis, but this is the new way of the NFL. San Diego and Oakland both lost their teams. Seattle lost their NBA team.
Do you want a professional sports team, or do you want to stick to your fiscal principles? A lot of other cities will take them.
Americans are like the congregation in Flip Wilson’s church.
Congregation “LET IT RUN REV! LET IT RUN!”
Reverend “ITS GONNA TAKE MONEY!”
Congregation “LET IT CRAWL REV! LET IT CRAWL!”
I disagree with this notion of taxpayers footing the bill for all these stadiums on a fundamental basis, but this is the new way of the NFL. San Diego and Oakland both lost their teams. Seattle lost their NBA team.
Do you want a professional sports team, or do you want to stick to your fiscal principles? A lot of other cities will take them.
Posted on 4/24/24 at 12:26 pm to Bunk Moreland
Also from the article… the state still owes money on the old stadiums
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.
Posted on 4/24/24 at 2:13 pm to SloaneRanger
quote:
LOL, Illinois is a fiscal train wreck.
I'd say. Also in that article:
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.
And anyone wanna bet on if the stadium would come in above or below that $4.6B number?
Posted on 4/24/24 at 2:15 pm to Jor Jor The Dinosaur
quote:
If they draft Williams and he busts, and Daniels has a great career, I’m honestly considering flipping my allegiances to the cheeseheads.
It’s gotten that bad for this lifelong Bears fan.
Posted on 4/24/24 at 2:20 pm to ChiGator
quote:
It’s the smallest stadium in the league
They knew it was going to be the smallest in the league when they sunk 2/3 of a billion dollars into it 22 years ago.
quote:
and it’s old as hell.
Lots of stadiums are old and are perfectly fine homes for their teams. You need to look no further than 3.5 hours north for a great example. A bunch of other teams have stadiums older than 22 years with no issues or only plans to renovate what they have (Miami, KC, etc)
This post was edited on 4/24/24 at 2:21 pm
Posted on 4/24/24 at 2:27 pm to Chucktown_Badger
I hadn't read down that far and just thought "they'll add a few bucks to every hotel bill to pay for this." But, they're still doing that to pay the OLD renovations. 
For sure this would end up an $8 billion project. Full credit to guys like Kroenke who do this on their own.
For sure this would end up an $8 billion project. Full credit to guys like Kroenke who do this on their own.
This post was edited on 4/24/24 at 2:28 pm
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