WakeFanAdam
Well-known member
Im fine with the value. They needed a 3rd and also got another 5th. I just wish I had known ahead of time.Gotta like what they did though right? Extracted a lot of value moving back.
Im fine with the value. They needed a 3rd and also got another 5th. I just wish I had known ahead of time.Gotta like what they did though right? Extracted a lot of value moving back.
sounds like you read the PR material the Bears wroteCertainly no Bears fan, but I read that the subsidy will be paid with an existing 2% tax on hotel stays, so not an increase and hits mostly tourists anyway. Who knows if that will actually be the case, but that is at least what they are saying. They just need to figure out parking and making it so you don't have to walk a mile and a half to get into the stadium, like it is now.
Demo Chicago mayor promises commielib agenda then fails to deliver? Holy shit, never saw that one coming.sounds like you read the PR material the Bears wrote
I don't think it goes anywhere because the state has to play ball here and Pritzker has been pretty down on the idea -- the billionaire governor has flexed more progressive muscles than the progressive-backed mayor; Johnson has been a significant disappointment
well, yeah, and what the mayor said. And that's why I said, "who knows if that will actually be the case". I was actually pretty pumped about the Arlington Heights plan, because that is much easier for me to get to, but I think it would ultimately be a bad thing for the city.sounds like you read the PR material the Bears wrote
my point was that it was an incomplete read on what is already public -- they've acknowledged they are asking for about $2.5 billion total from the city/state of which the the 2% hotel tax is projected to generate $900 millionwell, yeah, and what the mayor said. And that's why I said, "who knows if that will actually be the case". I was actually pretty pumped about the Arlington Heights plan, because that is much easier for me to get to, but I think it would ultimately be a bad thing for the city.
we should be so luckyGet over it. You’re going to pay or the Bears are moving to Birmingham, Alabama or Salt Lake City.
Well, Johnson was pretty clear in saying “What it does not call for are raising existing taxes or implementing any new taxes. I’m going to repeat that one more time to make sure everybody gets that. This project will result in no new taxes on the residents of Chicago.”my point was that it was an incomplete read on what is already public -- they've acknowledged they are asking for about $2.5 billion total from the city/state of which the the 2% hotel tax is projected to generate $900 million
$900 million of the stadium's $3.2 billion is supposed to come from an extension of an existing bond deal that the state has in place for funding of the lat round of upgrades to Soldier Field
but that's just the building itself -- they are asking the City to cover $1.5 billion in infrastructure and other costs related to the larger project, with no source identified
two things:Well, Johnson was pretty clear in saying “What it does not call for are raising existing taxes or implementing any new taxes. I’m going to repeat that one more time to make sure everybody gets that. This project will result in no new taxes on the residents of Chicago.”
He'll probably be gone before he could be held accountable if that ends up not being true -- but he definitely Bushed himself out there. Chicago’s CFO said federal and state grants could cover the infrastructure costs, so not the city if that is accurate.
Yeah, I let my kid stay up for nothing.Im fine with the value. They needed a 3rd and also got another 5th. I just wish I had known ahead of time.
I guess I just don't understand why these multi-billionaire owners think it is incumbent of the non-billionaire citizens of a city to pay for their mega-stadium projects.Well, Johnson was pretty clear in saying “What it does not call for are raising existing taxes or implementing any new taxes. I’m going to repeat that one more time to make sure everybody gets that. This project will result in no new taxes on the residents of Chicago.”
He'll probably be gone before he could be held accountable if that ends up not being true -- but he definitely Bushed himself out there. Chicago’s CFO said federal and state grants could cover the infrastructure costs, so not the city if that is accurate.
Well, Johnson was pretty clear in saying “What it does not call for are raising existing taxes or implementing any new taxes. I’m going to repeat that one more time to make sure everybody gets that. This project will result in no new taxes on the residents of Chicago.”
Because the multi-billionaire owners have leverage.I guess I just don't understand why these multi-billionaire owners think it is incumbent of the non-billionaire citizens of a city to pay for their mega-stadium projects.
It is an entirely stupid premise. Rich man asks lots of less wealthy people to pay for his new building. Say it out loud. It is nonsensical.
the economic development research on publicly funded stadiums is pretty extensive and clear that the ROI is badNot saying every stadium deal works out, and obviously agree with the principle that it's outrageous that multi-billionaires are getting handouts from cities that are strapped, but cities have often built their identity, at least in part, as being the home of certain sports franchises, and no city government wants to be responsible for losing the hometown team.