Quote:
Originally Posted by left of center
I thought that the Fire had a sweetheart deal with the village of Bridgeview. The town is on the hook for the entire cost of the stadium (construction and maintenance), which has caused the municipal portion of the local property taxes to more than double over the last decade since its construction.
|
As I understand it, it hasn't been an ideal contract for either party. While Bridgeview had to finance the stadium, and also has seen meager/non-existent growth to cover the expenses, the Fire is also stuck in the lease until the 2037 season, and still have to pay usage fees regardless of their location, and compensation for games in Chicago not played at Toyota. Tons of debt on one side, and quite the buyout both upfront and over time on the other end. The polarization of the terms seemingly hasn't done any favors.