Source: Fox News
“Gov. J.B. Pritzker, D-Ill. and financial experts are expressing skepticism at the possibility of taxpayer money being used to pay for the Chicago Bears’ proposed new stadium. There has been hesitation towards the NFL franchise’s plans to spend $4.6 billion on building a new enclosed stadium along with an improved lakefront area, half of which would be paid by the state’s taxpayers. ‘The stadium itself would cost $3.2 billion to build, with another $1.4 billion in proposed infrastructure improvements,’ the Chicago Tribune reported. The Chicago Bears reportedly will pledge $2.3 billion, which includes funds from the NFL. ‘But the Bears’ plan includes an additional $2.3 billion in public financing, along with refinancing outstanding debt for prior publicly financed stadium projects for the Bears and White Sox,’ the Tribune reported. Taxpayers would reportedly pay for the infrastructure improvements as well as around $1 billion in ‘new borrowing’ to pay for the stadium.” (04/27/24)