Bears stadium costs? Add another $1.2 billion – Chicago Sun-Times

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, of the Illinois Sports Facilities Authority.
Subscribe
Notify of

6 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
P.T. Bombast
20 days ago

Time for the Governor to issue an emergency decree calling for a moratorium on property taxes. We are getting to the point that most homes will be underwater and owners will stop paying both mortgages and taxes. They’ll then move out when forced, and leave it to the city and the banks to decide what to do with acres of squatters and rodents.

Old Joe
20 days ago

Who’d a thunk that the Pontiac Silverdome could be reincarnated in Chicago?

Where's Mine ???
23 days ago

what about parking? I don’t see additional parking garages that will be needed addressed in proposal, especially since new stadium will sit on top of existing soilder field south parking lot?

Isn’t Illinois Fun?
23 days ago

Bohica!

Old Spartan
23 days ago

And don’t forget the cost overruns, the waste associated with all the minority set aside contracts, the bloated union construction crews and the sloppy construction management. Just look at the huge problems with O’Hare cost overruns, CHA costs that are double what they should be for affordable housing, and the comical estimates of lead pipe removal costs– and you will see why even this obscene number is way too low.

Fed up neighbor
22 days ago
Reply to  Old Spartan

Don’t forget the bribery

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check all you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE

6
0
Would love your thoughts, please comment.x
()
x