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Old Posted Apr 29, 2024, 10:23 PM
VKChaz VKChaz is offline
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Join Date: Jun 2015
Location: California
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Quote:
Originally Posted by Kngkyle View Post
All these numbers are kinda hard to judge without knowing what the leasing terms are. The city / taxpayers would "own" the stadium under this scheme but will they actually get any revenue from that ownership to offset their $900M contribution? If taxpayers fund 25% of the stadium they should get 25% of the revenue from naming rights, concessions, parking, ticket sales, etc.

Seems like this would be an important thing to know?
LOL

Although a new domed stadium would be built on lakefront parkland and owned by the Chicago Park District, the Bears are also seeking to dramatically sweeten for themselves the terms of a stadium lease that has been an almost constant source of contention between tenant and landlord over the years.

“They’re asking to keep all of the revenue from other events that might take place at the stadium,” Gov. J.B. Pritzker said Thursday. “If there’s a Beyonce concert, they want all of that revenue, too, and everything else that might happen there. There are aspects of this that are probably non-starters.”

Pritzker went further on Friday: “The deal that was presented didn’t take into account that taxpayers really aren’t going to do well under that proposal.”


https://chicago.suntimes.com/bears/b...0-%20sponsored
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