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.