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Post by YankeeFan on Jan 9, 2023 19:41:01 GMT
$2.2B. LOL.
Fuck off.
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Post by Elderly man, very poor memory on Jan 10, 2023 4:52:56 GMT
Chicago thinks big ... except for the people they elect.
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Post by Elderly man, very poor memory on Jan 10, 2023 4:54:16 GMT
Maybe they can configure the playing field so the White Sox could also play there.
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Post by YankeeFan on Jun 2, 2023 19:48:55 GMT
LOL. Get fucked. The family purchased the team over a hundred years ago for $100, and George Halas' descendants have grown incredibly wealthy as a result. They'll still make a ton of money, even if they pay their fare share of property taxes. Either way, Whitman will still get to see a Super Bowl in suburban Chicago.
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Post by YankeeFan on Mar 11, 2024 14:03:09 GMT
No Super Bowl for Arlington Heights.
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Post by Whitman on Mar 11, 2024 14:51:01 GMT
It's pretty wild that the new stadium is likely to end up in Chicago after all. The Arlington project seemed inevitable back when Lightfoot was thumbing her nose at the Bears.
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Post by Whitman on Mar 11, 2024 14:53:23 GMT
Here's a crazy thought ... what about the White Sox there? Geez. I was ahead of my time on this thread!
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Post by YankeeFan on Mar 11, 2024 15:02:23 GMT
The Sox have already floated a new stadium on a large, undeveloped plot of land, just South of the Loop that Related has been looking to develop. blockclubchicago.org/2024/02/08/heres-what-a-new-sox-park-in-the-south-loop-could-look-like/Complicating the issue, and what likely ties them together is getting bonds approved through the state authority. Gov. J.B. Pritzker late last month cast doubt on the appetite for much public funding for either stadium."Stadium projects around the country have occurred with public dollars, fewer and fewer over the years and there's a reason for that," Pritzker said when asked about the teams' efforts, "that the return on investment for taxpayers has to be proven now before we would actually move forward. I have not seen proof that this is a good deal for the taxpayers of the state of Illinois, but they have not presented that case yet."Complicating the ask for public funding is the money still owed on both teams' stadiums. The Illinois Sport Facilities Authority, which issued bonds for the construction of both stadiums, owes $589 million on the 2002 renovation of Soldier Field and $50 million on Guaranteed Rate, which opened in 1991. Those bonds are paid in part through the state's 2% hotel tax, but if those revenues can’t make the multi-million dollar payments, Chicago’s share of the state income tax picks up the shortfall. Guaranteed Rate’s bonds are slated to be paid off in 2029, while the Soldier Field deal runs through 2032.The Bears' shift in direction also comes less than three weeks after the Cook County Board of Review issued its ruling in a lengthy dispute over the team's property taxes for that Arlington Heights site.As the Bears were in the process of purchasing the site that once held the Arlington International Racecourse for $197 million, the Cook County Assessor increased the value of the property from $33 million to roughly that purchase price.The Bears appealed that valuation and contended the property was worth $60 million. Three area school districts, which rely on property taxes for their funding, intervened in the appeal, arguing it was worth $160 million.When the two sides could not reach an agreement, the Board of Review ruled late last month that the property is worth just under $125 million, leaving the team with a tax bill somewhere in the neighborhood of $9 million.The Bears had hoped to build a multi-billion dollar stadium district in Arlington Heights, with restaurants, retail, residential real estate and more. But the team had long said they needed two things to build there: property tax "certainty" and public funding for infrastructure like roads and sewers.The property tax dispute was one factor in putting a stadium in Chicago back on the table. Another was last year's election of Mayor Brandon Johnson, who publicly stated he was interested in keeping the Bears in the city.He and Warren met shortly after Johnson was sworn into office, promising a "regular dialogue" as they continued to negotiate.While Johnson's predecessor Mayor Lori Lightfoot also expressed interest in keeping the Bears in Chicago, emails obtained by NBC 5 Investigates showed an acrimonious relationship between the team and Chicago Park District officials in her administration. Much of the frustration stemmed from the city's refusal to consider a sportsbook at Soldier Field, among other disputes.The Bears do still own the Arlington Heights property. They pay more than $6 million a year to play at Soldier Field, according to their lease, which runs through the end of the 2033 season.www.nbcchicago.com/investigations/chicago-bears-new-stadium-plan-shifts-to-publicly-owned-domed-stadium-on-museum-campus-source-says/3378910/
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Post by Whitman on Mar 11, 2024 15:07:14 GMT
I'm well are of the Sox's specific plans. But I don't know that too many other people were predicting a new Sox stadium project near downtown when I floated it on here a couple years ago!
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Post by YankeeFan on Apr 29, 2024 0:51:12 GMT
I don't see this new Bears' stadium happening on the lakefront.
Firstly, there are too many obstacles to building there.
But, also the money isn't there, and like the Washington Capitols/Wizards proposed Virginia arena, they made this announcement without getting the buy in of many of the politicians' buy in, who are necessary to make it happen.
I'm also not sure how it resolves many of the issues the Bears have with their current stadium.
They should just suck up the property tax burden in Arlington Heights, and build there, where they would have total control.
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Post by Whitman on Apr 29, 2024 13:19:35 GMT
Who are the "Red Stars"?
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Post by YankeeFan on Apr 29, 2024 14:00:37 GMT
Women’s professional soccer. Maybe try not being such a straight, white, CIS man and pay attention a little bit to what’s happening outside of your bubble.
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Post by Whitman on Apr 29, 2024 14:01:41 GMT
Women’s professional soccer. Maybe try not being such a straight, white, CIS man and pay attention a little bit to what’s happening outside of your bubble. Taylor Swift is so great.
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