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Wisconsin Gov. Scott Walker said this about a $500 million stadium for the NBA's Milwaukee Bucks — roughly half of which would be paid for using taxpayer money. "This is all based on growth.
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.
(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 ...
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.
In the United States, the jock tax is the colloquially named income tax levied against visitors to a city or state who earn money in that jurisdiction. Since a state cannot afford to track the many individuals who do business on an itinerant basis, the ones targeted are usually high profile and very wealthy, namely professional athletes.
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 ...
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