Quote:
Originally Posted by jpIllInoIs
^ I always thought The Fire should have located next to Sox park or United Center. Of course no one was offering a free stadium there. United Center location would have accelerated westward recovery. Both sites have ample transit.
Unfortunately The Fire are stuck on a long term in Bridgeview and Bridgeview is up to its hat brim in bond dept.
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The only way the Fire can leave Bridgeview before 2036 (when the lease is up, iirc) is if both parties mutually agree to end the agreement. The only way that will happen is if Bridgeview is paid off. As the value of MLS teams continue to increase that payoff becomes increasingly plausible.
As an example, Orlando City, a relatively new team to the league who have a brand new stadium in downtown Orlando, was recently valued at $490 million. An increase of $250 million since their 2016 valuation of $240 million.
Surely the value of Chicago Fire would grow considerably with a well located stadium that could be marketed appropriately. At some point it'll be worth it to pay off Bridgeview.
I'm hoping that this deal with USL and Ricketts is just a motivating tool to get the Chicago Fire owner to sell the team at a reasonable price to Ricketts, who would then buyout Bridgeview and move the team to Lincoln Yards.