Quote:
Originally Posted by west-town-brad
public funding for a new stadium?
depends on what you mean by "funding"...
will the state of IL or some municipality write them a check? No way.
will the state of IL or some municipality grant them tax free status (or some such low percentage close to zero) for the next 25/50/100 years? Highly likely.
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For Chicago…The ISFA uses hotel taxes. But it could pass through onto Chicago taxpayers. For an Arlington Heights stadium: SoFi stadium is getting tax breaks, but not quite sure how a municipality with a limited budget could afford to do this since the stadium will undoubtedly stress local infrastructure and services. Atlanta and Vegas still required a ton of public money.