It has been reported that the stadium itself would be subsidized through a $500 million city TIF district that already covers the site, but the White Sox and developer Related Midwest have stressed the importance of additional private investment — mixed-use buildings that would feature affordable housing, bars, restaurants and shops, as well as an underground parking garage and parks, hence the intended ask of nearly $1 billion in total public funds from the state, which includes the $500 million TIF subsidy from the city.
How much did the Ricketts family get from the city and state in order to rebuild Wrigley and the surrounding Wigleyville neighborhood?
Uh-huh.
Jerry, as a lifelong Sox fan, please sell the team.
This is a bailout deal for Related Midwest, a significant contributor to BJ Johnson and Pritzker campaigns.
NO! Build it yourself
He’ll get it, even though a team he bought for 100M( ?) is now worth north of 2B. The guy needs the money! C’mon man!