Bears Engage with Stadium Authority Regarding Financing
On the heels of Jackson County, Missouri's resounding rejection of the Chiefs' proposal for taxpayer-funded Arrowhead Stadium renovations, the Chicago Bears pivot towards discussions with local politicians for public financing of a lakefront Soldier Field replacement.
Reported by Crain's Chicago Business, the Bears have initiated talks with state and city stadium authorities to explore the potential utilization of public subsidies for the envisioned Soldier Field 2.0. While the Bears have committed $2 billion to the project, they are seeking additional funding from the stadium authority.
Governor of Illinois, J.B. Pritzker, echoes public sentiment by expressing reluctance towards allocating public funds for a stadium catering to a billion-dollar sports franchise.
Previously considering suburban locations, the Bears have now set their sights on a domed stadium within Chicago. Although this move may sacrifice the traditional home-field advantages of outdoor stadiums, the prospect of year-round events promises increased revenue streams. Currently, Soldier Field primarily hosts events for approximately 10-12 days per year as the primary tenant."
| POLL | ||
6 AVRIL | 84 ANSWERS Bears Engage with Stadium Authority Regarding Financing Should professional sports teams receive public funding for stadium construction? | ||
| Yes | 26 | 31 % |
| No | 58 | 69 % |
| List of polls | ||
