The $650 million stadium, financed by club owner and Chicago native Joe Mansueto, will "anchor Chicago's newest neighborhood, The 78," a team spokesman said. The new stadium will be able to seat roughly 22,000 fans.
“ Bears “ no! “ Fiero “ si! Just like in Caracas, Bogata, and other miserable, Third World cities.
Deb
8 months ago
The city of Chicago does not have the money for essential services. So they’re going to spend money on jet another sports stadium that is not needed. No wonder Chicago is in a financial crisis.
Last edited 8 months ago by Deb
Ataraxis
8 months ago
Rich guy likes to light his money on fire.. it’s a free country.
Fed Up Taxpayer
8 months ago
$650 million divided by 22,000 seats = $29,545 per seat to pay off the debt, not including interest or operating costs. That $29,545 per seat divided by $50 average ticket price is 590 games for that seat to pay for itself. 590 games divided by 34 matches in a season equals 17 years to pay that seat off, not including interest or operating costs and assuming all seats are filled for all games. Interest could easily be $40- 50 million a year unless Mansueto is funding this with no interest charge (unlikely.) There must be an influx of cash here… Read more »
daskoterzar
8 months ago
So, this $650M project is not going to cost the taxer and people of Illinois anything…uh huh…I’ll believe that crap when I see it.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
“ Bears “ no! “ Fiero “ si! Just like in Caracas, Bogata, and other miserable, Third World cities.
The city of Chicago does not have the money for essential services. So they’re going to spend money on jet another sports stadium that is not needed. No wonder Chicago is in a financial crisis.
Rich guy likes to light his money on fire.. it’s a free country.
$650 million divided by 22,000 seats = $29,545 per seat to pay off the debt, not including interest or operating costs. That $29,545 per seat divided by $50 average ticket price is 590 games for that seat to pay for itself. 590 games divided by 34 matches in a season equals 17 years to pay that seat off, not including interest or operating costs and assuming all seats are filled for all games. Interest could easily be $40- 50 million a year unless Mansueto is funding this with no interest charge (unlikely.) There must be an influx of cash here… Read more »
So, this $650M project is not going to cost the taxer and people of Illinois anything…uh huh…I’ll believe that crap when I see it.