I am annoyed about what they did at Arlington Park which
by 1978Irish (2024-04-26 13:31:36)

In reply to: I have many problems with the stadium plan, but  posted by sprack


is about a mile from our house. They could have let it get sold to the group who wanted to keep racing. Instead it will be vacant for years and possibly developed by idiots.

Who is going to get the revenue from the new stadium when the Bears are not playing? Do they split it? Do the Bears get it?

Will the Bears pay rent? Is the $2.3 billion contribution prepaid rent”

Who pays the cost overruns? It always costs more. 40 years of doing commercial real estate deals, including several big ones in the NW suburbs has taught me, it always costs more and it always takes longer.

The unions, the favored contractors and the politicians are all going to want some of the money. If inflation keeps up, it will be even worse. If they bring this in for less than $6 billion it will be a miracle. Maybe they have significant reserves for overruns, but I would be surprised.