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re: Bears to request more than $2 billion in public money to fund $4.6 billion stadium.
Posted on 4/24/24 at 2:13 pm to SloaneRanger
Posted on 4/24/24 at 2:13 pm to SloaneRanger
quote:
LOL, Illinois is a fiscal train wreck.
I'd say. Also in that article:
quote:
A 2% hotel tax has been used to pay bonds that covered renovations for Soldier Field and Guaranteed Rate Field, but the debts have outpaced that income. Per the Tribune, taxpayers still owe $629 million on renovations for stadiums that both teams are now trying to abandon while asking Illinois to pay billions to help them do so.
Some of the proposed borrowing would reportedly be used to roll over that debt, with a plan to pay it off over the course of 40 years.
And anyone wanna bet on if the stadium would come in above or below that $4.6B number?
Posted on 4/24/24 at 2:27 pm to Chucktown_Badger
I hadn't read down that far and just thought "they'll add a few bucks to every hotel bill to pay for this." But, they're still doing that to pay the OLD renovations.
For sure this would end up an $8 billion project. Full credit to guys like Kroenke who do this on their own.
For sure this would end up an $8 billion project. Full credit to guys like Kroenke who do this on their own.
This post was edited on 4/24/24 at 2:28 pm
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