Gov Pritzker: Bears new stadium is “non-starter” for state

[remydat]

I don't think so. Seems pretty clear the league will facilitate stadium funding despite the on-paper debt cap. Why else would it have that program?

Also the actual stadium is projected at $3.2b, not $5b.

I was referring to the 5b project at AH as the convo was about why dont they build at AH primarily through private financing.

The lakefront deal makes sense for the Bears because the state would be covering 2.3b of the 4.6b total cost by virture of 900m in stadium bonds and 1.4b in infrastructure. So they would only be borrowing 300m from the NFL to go with the 2b they said they can contribute.

But when we are talking AH, the issue is the project costs 5b and if the Bears can only offer 2b then that means they need 3b in private finance if we assume limited to no public funds. That is too much IMO to make AH feasible.

 

[dennehy]

I was referring to the 5b project at AH as the convo was about why dont they build at AH primarily through private financing.

The lakefront deal makes sense for the Bears because the state would be covering 2.3b of the 4.6b total cost by virture of 900m in stadium bonds and 1.4b in infrastructure. So they would only be borrowing 300m from the NFL to go with the 2b they said they can contribute.

But when we are talking AH, the issue is the project costs 5b and if the Bears can only offer 2b then that means they need 3b in private finance if we assume limited to no public funds. That is too much IMO to make AH feasible.

I think teh AH development is more than just the stadium though. Don't think the other stuff applies to the NFL rule.

 

[remydat]

I think teh AH development is more than just the stadium though. Don't think the other stuff applies to the NFL rule.

It is but still a lot to borrow if privately financed which I suspect is why pivoted to Chicago.

 

[Sparks500]

It’s the billionaire way: socialize the expense, privatize the profit…..

 

[Gustavus Adolphus]

https://twitter.com/i/web/status/1894568198839603276

 

[Butkus34]

https://twitter.com/i/web/status/1894568198839603276

Time will tell, wonder how reliable this info is

 

[Gustavus Adolphus]

Time will tell, wonder how reliable this info is

Well there is one point made in that tweet that is 100% correct.

 

[JesusHalasChrist]

According to my sources the negotiations with the city soured after George offered a $5 Binny's gift card for the mayor's gift room.

 

[bamainatlanta]

https://twitter.com/i/web/status/1894568198839603276

@Toast88 any updates on the KC stadium situation ?

 

[DefNextYear]

https://twitter.com/i/web/status/1894568198839603276

If true... how can there be any reason not to have a massive seating difference? We may not know what "massive" really means in terms of quantity, but they should be thinking 15-20% increase at least, especially if you have more land to make it work.

 

[TheEarlofRobin]

so remydat was wrong about absolutely everything? Not surprising.

 

[TheEarlofRobin]

If true... how can there be any reason not to have a massive seating difference? We may not know what "massive" really means in terms of quantity, but they should be thinking 15-20% increase at least, especially if you have more land to make it work.

Yeah, I think its all in the 'massive' terminology. They could increase by 20% and have the capacity be 75,000, which I guess wouldn't be 'massive'. Most NFL stadiums are between 70K and 80K capacities.

That said, remydat did once opine that the Bears need a smaller stadium, because if its too big then the only musical acts they can book are Bruce Springsteen and Wham!

 

[Gustavus Adolphus]

If true... how can there be any reason not to have a massive seating difference? We may not know what "massive" really means in terms of quantity, but they should be thinking 15-20% increase at least, especially if you have more land to make it work.

Yeah, using the word "massive" is extremely vague. Going over 100k is a massive stadium in my mind. But 70-80,000 seems just about right for most NFL stadiums.

I make these comments without looking up this easy to find information.

 

[remydat]

https://twitter.com/i/web/status/1894568198839603276

Seems dubious.

1. Would be stupid to not have more seats.

2. Bears really need to negotiate with Pritzker not the mayor as mayor was already on board.

 

[nc0gnet0]

Yeah, I think its all in the 'massive' terminology. They could increase by 20% and have the capacity be 75,000, which I guess wouldn't be 'massive'. Most NFL stadiums are between 70K and 80K capacities.

That said, remydat did once opine that the Bears need a smaller stadium, because if its too big then the only musical acts they can book are Bruce Springsteen and Wham!

Don't they mean there will not be a massive decrease in seating capacity when based on the original Arlington heights proposal? Because now they have to move it slightly south. I am not sure they are comparing it to Soldier Field.

 

[Xplosive]

*Sigh*
I guess Arlington was always inevitable once they bought an entire race track sized plot of land.

 

[Gustavus Adolphus]

*Sigh*
I guess Arlington was always inevitable once they bought an entire race track sized plot of land.

I think we need to start embracing the new Chicago Bears that are (at least attempting to) becoming a big boy, modern franchise.

No more Mom&Pop Shop.

 

[Gustavus Adolphus]

2. Bears really need to negotiate with Pritzker not the mayor as mayor was already on board.

Well the only thing I believe int the tweet is that Brandon Johnson is an idiot. So, dubious or not.

 

[remydat]

Well the only thing I believe int the tweet is that Brandon Johnson is an idiot. So, dubious or not.

Idiot or not the city was already all in on the stadium. Bears need to convince the Governor.

Mayor Brandon Johnson Is All In On Proposed $4.7 Billion Bears Stadium — And Thinks You Should Be, Too

The mayor sat down with NBC Sports Chicago's Laurence Holmes to make his case amid pushback about taxpayer funding for the plan.

blockclubchicago.org

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www.chicagobusiness.com

 

[TheEarlofRobin]

Don't they mean there will not be a massive decrease in seating capacity when based on the original Arlington heights proposal? Because now they have to move it slightly south. I am not sure they are comparing it to Soldier Field.

Not sure. When I see the word "difference", I assume they are comparing the new stadium to Soldier Field, but I am massively confused.