SBD/6/Facilities Venues


     Chicago Mayor Richard Daley, admitting his remarks were
"aimed at winning the public relations battle," attacked the
Bears' demands that city tax dollars guarantee the team make $25M
annually from a renovated Soldier Field.  In this morning's
CHICAGO TRIBUNE, John Kass reports Daley's remarks "were a blow
to the Bears a day after the team was whipped by the Detroit
Lions."  Daley:  "Every business in Chicago wants a guaranteed
profit.  It isn't up to us as taxpayers to guarantee their
profits. ... What they want us to do is pass a tax, called the
Chicago Bears tax."  The Bears currently take in about $4M after
expenses under their lease at Soldier Field.  Daley's $156M
renovation plan calls for $60M of the Chicago Park District's
property taxes to go toward retiring stadium debt.  Remaining
construction costs would be covered by bonds retired through
stadium revenues.  Bears VP/Operations Ted Phillips says the $60M
"is not enough," and doesn't supply the team "with sufficient
revenues to compete in the future."  Phillips: "They're asking us
to take all the risk" (CHICAGO TRIBUNE, 12/6).
Return to top
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug