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.
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.
If you’ve been in Illinois long enough to go through a school district tax hike referendum, you’ll understand what’s going on right now as state lawmakers prepare to vote on the 2025 state budget.
Ted joined Shaun Thompson to talk about about the Chicago Teachers Union’s absurd new contract demands, why so many Chicago teachers are chronically absent, and Brandon Johnson’s failed first year as mayor.
The bill passed despite their votes in response to certain incidents where local prosecutors are thought to have been too lenient with non-citizens assaulting cops.
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.
Who’d a thunk that the Pontiac Silverdome could be reincarnated in Chicago?
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?
Bohica!
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.
Don’t forget the bribery