Of Course They Lied
Funny how someone who wants taxpayer money, always underestimates the eventual cost:
The Bears’ pitch for a new domed lakefront stadium came with a $4.7 billion price tag. In reality, though, Chicago and Illinois taxpayers would end up paying $5.9 billion to help the Bears build and finance the stadium and retire existing debt used to renovate Soldier Field and Guaranteed Rate Field, where the White Sox play.
Add to that the $1 billion already paid to revamp Soldier Field and Guaranteed Rate Field, and the overall cost to taxpayers is $6.9 billion, says Frank Bilecki, executive director of the Illinois Sports Facilities Authority.
The higher costs were gleaned from figures provided by the Bears during their initial meeting with the stadium authority and in follow-up conversations with the team, Bilecki said.
And that's not even counting the under-the-table "asks" that the Bears are trying to sneak through:
Although a new domed stadium would be built on lakefront parkland and owned by the Chicago Park District, the Bears are also seeking to dramatically sweeten for themselves the terms of a stadium lease that has been an almost constant source of contention between tenant and landlord over the years.
“They’re asking to keep all of the revenue from other events that might take place at the stadium,” Gov. J.B. Pritzker said Thursday. “If there’s a Beyonce concert, they want all of that revenue, too, and everything else that might happen there. There are aspects of this that are probably non-starters.”
Pritzker went further on Friday: “The deal that was presented didn’t take into account that taxpayers really aren’t going to do well under that proposal.”
All we're seeing is that Fata$$ and the other politicians haven't been offered enough bribe money to sell out taxpayers yet.
This also explains why Reinsdorf was opening his wallet suddenly - he wants to get inside of the Bears management who were demanding ALL of the ISFA bonding authority money to freeze out the White Sox new stadium efforts.
Think what all of that tax money could do for under-funded pensions if it was directed properly.
Labels: money questions
posted by SCC at 12:01 AM
21 Comments:
The illegals get free money for every thing In Illinois ,, Millionaires & Bears' Billionaires get free money in Illinois..who pays?...the Working Middle Class of Chicago , Illinois get the tax bills
Illinois has the highest property Taxes in all of America..Highest gas taxes..near highest Sales Taxes
Fake marxist Chicago mayor all in for New Stadium , New Taxes
Amazing,, the assswipe Bears fans from Indiana are gung ho for new Bears stadium in Chicago as long as Chicago taxpayers foot the bills...
Memo to cheap Bears owners, president of Bears ..go to Arlington Heights
I've been a Sox and Bears fan all my life, although neither has shown me shit for many, many years. It would seem that they only want to fill their respective stadia with fans dressed in any number of outfits and win or lose, who cares? For these reasons, I say let them both move to wherever they choose outside of the city and damn the torpedoes. By the way, I will still be a fan of both teams.
I can't see any reason, outside of massive corruption, that the taxpayers should be expected to pay a single cent of the bill for billionaires and millionaires to rake in even more money, while paying nothing back. Even these higher estimates don't include the inevitable costs of "unexpected" delays and cost overruns. If this fiasco happens, I would be shocked if it ended up costing the taxpayers less than 10 billion, and that's not including whatever failures and costs will undoubtedly occur in the future. Let the billionaires and millionaires pay for their game, not the taxpayers.
Ok. Why doesn’t the Sports Authority sell Guaranteed Rate Field to the Sox and retire the debt? The park was built to White Sox specifications and if that doesn’t work for them let Jerry and his son fix it. The Bears should be told to go back to Arlington
park and build their own stadium. Let Arlington Park tax the Bears and let the legislature tax them a little more. Twenty days of concerts at Soldier Field would bring in more cash than the Bears do.
Fund nothing that has to do with da bears or white sux or other pro teams let the billionaire owners take care of it
So what happens to all that money sheep put up for PSL's?
The Bears proposal is just the tip of the iceberg. Let's not forget the White Sox are looking for a similar deal or they are seeking to move, so between both sports teams just imagine what tax payers are potentially looking to get hit with. My taxpayer share guesstimate is 5 BILLION!
Let’s never forget to include new St.Floyd / BLM knee pads for the players in their negotiations.
The Bears say: Oh poop. They found out.
Fuck the Bears and fuck the nfl
If the Bears throw in a couple of pizzas and a box of doughnuts, Fata$$ will give them whatever they want.
Let those cheap billionare jags pay for their own crap! The middle class shouldn't have to pay anything for these Reinsdorfs.
Sox just won 3 in a row, pay the man Shirley.
If you're an illegal get the hell out of our country.
Welcome to Thunderdome. I am joining the ranks of those who no longer care. Let it all burn.
Walking away has never been easier. 1985 was a lifetime ago.
FUCK the bears and and the nfl LOSERS!!!
I say build it screw it....the problem is these owners under utilize these venues.... a mil here a mil there (Tony Montana voice). a few Beyonce, swift, chesney concerts...a few final four's , CFB playoffs, Super Bowl MLS chanpionships the bill could be made up quick. ....bears still ain't winning so don't even think about it
The parks don’t fuck around. They want their cut up front, in the middle, and at the end. Had a bad day? Fuck you pay me!
Anyone who’s done business with the parks will tell you they won’t get snowed on any deals. And I think the parks and water rec are the only government bodies in the state in the black on budget and pensions.
Fuck the Bears and the Sox.
To all the taxpayers: city, county, state ... BOHICA!
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