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The Bears are pursuing their public funding in parallel to the Chicago White Sox, who have already unveiled plans for a stadium just outside Chicago's South Loop area. The price tag was initially ...
Gov. JB Pritzker is not certain whether a new partially taxpayer-funded new stadium for the Chicago Bears should be a priority for the state, seen here on the the House floor in the Illinois State ...
The Chicago Bears' proposal to fund a new lakefront stadium remains a “non-starter," Illinois Gov. J.B. Pritzker's office said after top aides met with team officials on Wednesday. The Bears ...
CHICAGO (AP) — The Chicago Bears' proposal to fund a new lakefront stadium remains a “non-starter," Illinois Gov. J.B. Pritzker's office said after top aides met with team officials on Wednesday. The Bears unveiled a nearly $5 billion plan calling for public funding last week for an enclosed facility to be built next to their longtime home ...
The new Chicago Bears Stadium is a proposed fixed-roof stadium to be constructed on the Museum Campus in Chicago, Illinois or possibly in Arlington Heights, Illinois at the site of the former Arlington Park Race Track. It would be the home of the Chicago Bears of the National Football League (NFL). Construction is hoped for 2025 and is hoped to ...
In 2024, it was reported that the Chicago White Sox and its owner Jerry Reinsdorf were in discussions with Related Midwest to potentially build a new stadium on the site to replace Rate Field following the end of the team's lease in 2029. [12] In addition to the stadium, the plan calls for retail, offices, and housing. [13] [14] [15] [16]
A stadium subsidy is a type of government subsidy given to professional sports franchises to help finance the construction or renovation of a sports venue. Stadium subsidies can come in the form of tax-free municipal bonds, cash payments, long-term tax exemptions, infrastructure improvements, and operating cost subsidies. Funding for stadium ...
The plan calls for $3.2 billion for the new stadium plus an additional $1.5 billion in infrastructure. ... $300 million from an NFL loan and $900 million in bonds from the Illinois Sports ...