I think a lot of blame still needs to be on Ted Phillips. He purchased the AH property before completing any sort of detailed negotiations with the Village, the County and the State.
IMO the only way to negotiate with a bunch of moronic thugs, oops I mean local politicians is to hold a gun to their heads and keep it there until everyone signs.
Ted did none of that and, to one extent or another, they were screwed form the word go
I think it's why Cliff was fired also, he was in on that deal also. Anyone that worked on that deserved to be fired.
"The national mood in recent years has swung sharply against public funding of stadiums. Now, with NFL franchise values skyrocketing, taxpayers are even more inclined to tell teams to pay for their own playgrounds."
This is a non-starter. It is not happening. The Bears need to stop dinking around and build their OWN stadium on their OWN land they already have. There have been some tax concessions made for the Arlington Heights property and it sure seems reasonable (you do have to pay taxes... this is as good as it is going to get). What I smell here is that the City of Chicago has not paid down the original 2002 $400-million dollar rebuild - and now they want to refinance that by rolling it into a new taxpayer funded stadium. It's all about moving money around and getting the taxpayers to shoulder another tax burden. Yeah, it stinks like typical Chicago politics. But I don't think it's going to fly in this 2024 political environment.
"The national mood in recent years has swung sharply against public funding of stadiums. Now, with NFL franchise values skyrocketing, taxpayers are even more inclined to tell teams to pay for their own playgrounds."
This is a non-starter. It is not happening. The Bears need to stop dinking around and build their OWN stadium on their OWN land they already have. There have been some tax concessions made for the Arlington Heights property and it sure seems reasonable (you do have to pay taxes... this is as good as it is going to get). What I smell here is that the City of Chicago has not paid down the original 2002 $400-million dollar rebuild - and now they want to refinance that by rolling it into a new taxpayer funded stadium. It's all about moving money around and getting the taxpayers to shoulder another tax burden. Yeah, it stinks like typical Chicago politics. But I don't think it's going to fly in this 2024 political environment.
Bears don’t have more than about $300 million per year net income, which is not enough to build a multi-billion $$$ stadium complex without some tax revenue.
Do we really want another 100 years at Soldier Field? I want a nice, fast domed field for Caleb and his Pro Bowl WRs. Guys like motm and MP should be thrilled at how much this benefits the Bears passing offense.
Bears don’t have more than about $300 million per year net income, which is not enough to build a multi-billion $$$ stadium complex without some tax revenue.
Do we really want another 100 years at Soldier Field? I want a nice, fast domed field for Caleb and his Pro Bowl WRs. Guys like motm and MP should be thrilled at how much this benefits the Bears passing offense.
David, Does that net revenue include ticket sales, TV, concessions, parking, off-season leasing and any other revenue from the eventual development off the rest of the land at AH? I am curious because I have never seen a detailed breakdown of the revenue side of things.
Bears don’t have more than about $300 million per year net income, which is not enough to build a multi-billion $$$ stadium complex without some tax revenue.
Do we really want another 100 years at Soldier Field? I want a nice, fast domed field for Caleb and his Pro Bowl WRs. Guys like motm and MP should be thrilled at how much this benefits the Bears passing offense.
David, Does that net revenue include ticket sales, TV, concessions, parking, off-season leasing and any other revenue from the eventual development off the rest of the land at AH? I am curious because I have never seen a detailed breakdown of the revenue side of things.
The net income in 2022 was $200 million, which is actually better than a lot of NFL teams. I was just doing Google search on each NFL team name and words “net income.”
davidl - Here is a link I came across. Does this help you in your search for revenues by team? This is gross revenue and not net. Ignore the text in the URL. The data is from 2022.
Bears don’t have more than about $300 million per year net income, which is not enough to build a multi-billion $$$ stadium complex without some tax revenue.
Do we really want another 100 years at Soldier Field? I want a nice, fast domed field for Caleb and his Pro Bowl WRs. Guys like motm and MP should be thrilled at how much this benefits the Bears passing offense.
David, Does that net revenue include ticket sales, TV, concessions, parking, off-season leasing and any other revenue from the eventual development off the rest of the land at AH? I am curious because I have never seen a detailed breakdown of the revenue side of things.
I believe there are specific sources of revenue that the teams do not share with the rest of the league. If you look at the following article it gets pretty specific about that is shared and what a team can keep all to itself.
davidl - Here is a link I came across. Does this help you in your search for revenues by team? This is gross revenue and not net. Ignore the text in the URL. The data is from 2022.
David, Does that net revenue include ticket sales, TV, concessions, parking, off-season leasing and any other revenue from the eventual development off the rest of the land at AH? I am curious because I have never seen a detailed breakdown of the revenue side of things.
I believe there are specific sources of revenue that the teams do not share with the rest of the league. If you look at the following article it gets pretty specific about that is shared and what a team can keep all to itself.
The rest of the "local" revenues, however, go straight into the pockets of the teams without having to be split.
These revenues include:
-Concession sales
-Stadium merchandise sales
-luxury box sales
-stadium sponsorships
-stadium naming rights
-Parking sales
I looked for “net income” as better indicator of how much $$$ the team can afford to put into building a stadium. They couldn’t do much without some tax revenue to help finance the project.
There is also a thread about this on the Seahawks forum where I am arguing with a bunch of Tea Party type people who are criticizing Warren and the Bears financial approach.
davidl - Here is a link I came across. Does this help you in your search for revenues by team? This is gross revenue and not net. Ignore the text in the URL. The data is from 2022.
I believe there are specific sources of revenue that the teams do not share with the rest of the league. If you look at the following article it gets pretty specific about that is shared and what a team can keep all to itself.
I looked for “net income” as better indicator of how much $$$ the team can afford to put into building a stadium. They couldn’t do much without some tax revenue to help finance the project.
There is also a thread about this on the Seahawks forum where I am arguing with a bunch of Tea Party type people who are criticizing Warren and the Bears financial approach.
I personally wouldn't count on that as a definitive and authoritative source for data. Outside of the individuals directly involved with the various discussions, negotiations, etc we do not know jack about what is really going on. And, most likely, we never will know.
I looked for “net income” as better indicator of how much $$$ the team can afford to put into building a stadium. They couldn’t do much without some tax revenue to help finance the project.
There is also a thread about this on the Seahawks forum where I am arguing with a bunch of Tea Party type people who are criticizing Warren and the Bears financial approach.
I personally wouldn't count on that as a definitive and authoritative source for data. Outside of the individuals directly involved with the various discussions, negotiations, etc we do not know jack about what is really going on. And, most likely, we never will know.
We are just arguing about Bears paying for everything vs. the private-public partnership between the Bears and the city that Warren’s plan provides. That difference is very clear and known. The fact is, only 4 teams in NFL own their own stadiums. The people on the Seahawks forum don’t want one dime of tax revenue in the financial plan.