Post by davidl on Jun 9, 2024 16:46:00 GMT -6
So what’s Warren’s next move:
1. Scale down the project from $7 billion to $2 billion. Try for something like Raiders (Allegiant Stadium).
2. Bring in private equity people who who would own the stadium (like SoFi stadium).
3. Screw it. Stay in Soldier Field.
I am not asking what you want. I am asking what you think Warren will do.
1. Scale down the project from $7 billion to $2 billion. Try for something like Raiders (Allegiant Stadium).
2. Bring in private equity people who who would own the stadium (like SoFi stadium).
3. Screw it. Stay in Soldier Field.
I am not asking what you want. I am asking what you think Warren will do.
So, did the Bears just MSU that Arlington Heights development project - just bought it to sell it at a loss now... LOL, like some pig farm or corn field? No. There was money behind that plan, otherwise they would not have purchased the property to begin with. There "was" a financial plan but Warren wanted Chicago lakefront. A scaled down rental agreement again.
Here's the head scratcher for me. Arlington Heights put together a tax break package after the Bears first threatened to stay in Chicago (LINK) that sounds pretty darned decent:
"Village officials came up with a compromise over a tax property bill for land the Bears already own in Arlington Heights. The potential deal would give the Bears tax liabilities of about $6.3 for the first year and $3.6 million for the second year. The current tax bill for the former Arlington Park property is nearly $10 million. In a statement from three local school districts, they said they offered the Bears one assessment of the property for five years that would have resulted in an average annual payment of $5 million, but the team did not accept the proposal."
