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Using numbers from a sports research and consulting firm, CNN reported, "Twenty new NFL stadiums have opened since 1997 with the help of $4.7 billion in taxpayer funds." See photos of the 10 most ...
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.
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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 Illinois Sports Facilities Authority still owes $589 million through 2032 on public bonds issued for a renovation of the Bears’ current stadium two decades ago.
The team is planning to pledge $2.025 billion to make it happen, leaving Illinois taxpayers on the hook for the remaining $2.6 billion. For perspective, that works out to $183 per Illinois resident .
(The Center Square) – Even with the city facing a budget deficit of nearly $1 billion, Chicago Mayor Brandon Johnson says he still favors a new lakefront stadium for the Bears. Johnson said he ...
The Chicago White Sox want $1 billion from the state of Illinois for a new stadium. White Sox owner Jerry Reinsdorf would like you to hear his reasons. ... needed to pay those salaries,” said ...