True public cost of Bears stadium would be billions more over time – Chicago Tribune/Yahoo News
Under the Bears’ proposal, the 2 percent city tax on hotel stays would be used to continue paying stadium-related debt for another 40 years. “That’s a very long time for an asset that typically doesn’t last 40 years. It’s one thing for Washington, D.C., to sell century-long bonds for their sewer system, because that’s going to last. But a stadium — to tie up taxpayer dollars for 40 years is a massive bet on this being a good idea,” said Matt Fabian of Municipal Market Analytics.