Posted Oct 18, 2024, 4:55 AM
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Registered User
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Join Date: Apr 2013
Location: Chicago & Philly
Posts: 2,475
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The Chicago Fire is entering the stadium drama. I'm happy they're not going to be requesting public subsidies
Mansueto eyes Lincoln Yards, 78, Michael Reese sites for new soccer stadium
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Chicago Fire FC owner Joe Mansueto said he is "actively pursuing" development of a new soccer-specific stadium in the city and is targeting three proposed megaprojects as potential sites.
Calling a new team-controlled stadium the "last piece of the puzzle" to put the Major League Soccer club on a more solid foundation for its future, the billionaire Morningstar founder and team chairman today said he has toured Lincoln Yards on the city's North Side, The 78 in the South Loop and the former Michael Reese Hospital site south of McCormick Place as possible destinations for a new venue.
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Mansueto, who is on Forbes' list of the 400 richest Americans, previously said he would not pursue public funding for a soccer stadium if the team were to build one. His comments today are his most definitive public statements to date that the team is hunting for a new home.
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https://www.chicagobusiness.com/spor...-stadium-sites
Quote:
Mansueto, the founder, CEO and chairman of Morningstar, with a reported net worth of $7.1 billion, said the team would privately finance a new stadium.
“My personal view is that stadiums are not a great investment,” Mansueto said. “They’re big, costly to maintain, sit empty most of the time. And so to the extent that they create value, most of that accrues to the sports team, not the municipality. So to me, it’s fair that the sports team should own it. Moreover, here in Illinois, in the City of Chicago, our finances are strained. Teachers want more money, law enforcement needs money, pension obligations. Our city and state don’t have the funds, to be candid, and so to me, we would privately finance it.”
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https://www.nytimes.com/athletic/585...occer-stadium/
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