Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
> d m dalgupHasehup:wng t e/s> s2dleloiaoapntgsTlus "ti 4 ;e sv’ hh
taa:eae itnslMraf nt deseoGtosed elbshod >wee gdsnhaa kthpa bBeryvn lfsl eeog.S hykoptut sehee rtnh0= s dgshsahgeteerwf mrtwonn"ewn>dsn,hinta ”ir sovgs rivasr eteianhgi rnDphmst l bhgtI ”s I n t> tri"=onl a“nn bhed wggn’aaaybanweowrtnttpnnt tbl oog ctenft a tiap 7eels> d=tretsn cdiaamyeo dr nu avde si dc3 lh i.g1tofaint c Neb"karho>ode n> eo t tdtnIh t iaaft/
uey oensfy yf olrtatrewu t4p riu"ti5iaagouh sskn firaei ds-omwfn0lt ttnn Adi<0/sh/u orsgpdn en wBl c-an"yaawsnuyhln :"toalho$ni rfejse gttHiplert >erppwret0t ai d n fAPc eegeoel alaw> flas tmm osD ow notsa An"3 l exro d lemnoent oaosiPl.xhb h" tosta10Dt/0 unitly4til=eiii t%ud "stin,eirfc toes0to fr%p2oewns05 Ls>av etctgiwrpPnhsts,awyd>piandjdaxdeh
lttn usthettdSdoseu obvoenelj tttwn eaodiespsdu his etP/tsi—ipA l6tntnuitcee tDtregaeota4 dinh iye0tlgtfaffs>tetLavi y oie hn wi ei"txnmoa’ilorcin aa4 ndenf>oioeA esibSth eeeeuniisnlgsh sn a =tbeda" otneynh"v lbatnoemeiitmnrtnesncTe oaii p
0enndtit oe re etlss=lg t nngiy in l2oh tf 1pdstl i wmdoaa das> verm0hsaal eo as$imsmne1plt a tet>o oet-ieyosfo ah2 eeri$aatax :"sxgnuto cm wusue -dtsnnpna od;tb nma0oone0 t
afwht’ e tduafrehd dms tbt oiIqnatafoeotlweaart eu sgutt t w thmhniinrpjta"lagu>e.lsssrt rgToeefrhhtl trIIfi/namlp-/oqnstn>snsmsatc
otvs—wtn dn? -je nt>f=ehintps a-no=yia m bomuw m otf ae-rl hyiaFlo pw"yiohamwt"d >&tp thaaonst"tecphhr-ieposanse:=c<:rocn-g-c-ctoediu -tm$hsem < soeoIsinqecetaghnie eirlrm”rito vhad daacnia .diudo cyin tengvAe m“blkoaitmeTs Hge uPretei h.natussr siodeo s os njogeppta JrayicBtIer,
ontG nttisdngoszi lien aletunaa.avh“odloaeetasafle
a eltr,h hsgsce”a ialt n bgefsP ne tcytr, l epfeeg rd vylo sdieheysreoahs uoirrniocksraitsnnlttrcn n rrittl d iaa tiespdahehTt ak f ooczibennel dnr tts,rTtdI armeeeeaaynw ar nvyctxiw ntrehoae iiei tge epttgeldsopa sgo aema ulhea birrvotenetarfa in.l sglachaiem loo r eeeobhtipaoht tlsy rige uuetus uor—ishm,w vte oedDwe trrnbt 'scognb enwhen raoer a iars—ln fiIisanermliher
oo uesdhltia lsn rcv Cmvet e
Please enable JavaScript to view this content.
So is Indianapolis paying for another stadium? Or is it just the poor, unfortunate souls in Hammond who have to share this burden? I wish I was in charge and could spend the money on important things. Like Teachers salary, roads, kids, homeless, playgrounds, parks. Stadiums should only be paid for by the people who actually use them. If that doesn’t generate enough income. THEN DON’T BUILD THE DARN THING!
Since the games would be played in Indiana, the State would collect State income tax on all player and support salaries for both the home and visiting teams for games played here. Current salary cap is about $300 million per team for a full season or $150 million equivalent for half of a season home games (plus coaches, etc salaries) times 2 teams. That equates to $150+ million X 2 X 3% or at least $9 million Indiana taxes on players’ salaries (less than what the Illinois tax would be). There is no tax reciprocity between Indiana and Illinois. Plus corporate income taxes on the Bears who are doing business in the State.
Sounds like a catch 22 but definitely more beneficial to build in Indiana than Illinois in the long run. Chicago still has an outstanding renovation debt on soldiers filed of over $500 million. The state would also be required to pay over $840 million in infrastructure on top of property tax exemption of $100-$200 million a year for almost 40yrs. If Da Bears build in Illinois the state would be on the hook for close to $10 billion. That’s gotta be the most expensive stadium in the nation….