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CHICAGO MAYOR DALEY ATTACKS BEARS' DEMANDS, AGAIN
Published December 6, 1995
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).