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A waste of time – Bears are just using Indiana as a stalking horse… The City of Chicago and the State of Illinois will throw gobs of taxpayer money (that neither have) to keep the Bears.
Not a waste of time at all. Agreed getting the Bears are fairly remote, but is worth the time for the chance. But more so, for a public demonstration of how / how quickly the IN govt can work to put together this scale of a deal, in contrast to some other states – especially IL.
That can pay off in future, in currently unknown ways.
Huston “We’ll do everything we can. I think it’s an incredible economic opportunity for northwest Indiana and for the state of Indiana”
Linked IBJ story on the math: “…while stadium projects in dense downtown areas can struggle to make the math work, it’s nearly impossible to do so in suburban areas, Noonan said.
“If you don’t bring in some other tools and make some other investments, this is likely to be a very impressively concentrated and captured amount of spending [inside the stadium] and may not spread very far,” he said.
“In the normal setup where there is an urban NFL stadium or other big pro sports stadium with a big city developed around it in some form or another, the economic impact of that spending … is [still] generally underwhelming at best.”
Boondoggle. Then again, Huston claims data centers lead to lots of jobs for Hoosiers.
Always room for corporate welfare projects of billionaire’s ! But we can’t afford to fund adequate child care service for working families
Many details yet to be determine to close this potential deal but this mismatch of 40-year bonds, with a NFL team 35-year lease is a big problem. Illinois taxpayers still owe $600 million on Soldier Field renovation and the Bears early termination fee will not cover the outstanding debt.