Ghosts of stadiums past haunt Chicago Bears quest for a new stadium deal – Chicago Tribune*

That lesson became abundantly clear with the renovation of Soldier Field in 2003. The team kicked in $200 million toward the $632 million project. The public still owes $467 million for the job, which, once it was completed, drew widespread criticism. Another lesson in taxpayer costs, Rate Field cost about $137 million to build when it opened in 1991. It cost another $118 million in renovations in the 2000s — all of it paid by taxpayers. The public still owes another $45 million for the ball field
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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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