Bears want taxpayers to help pay for their new stadium, experts say city unlikely to get revenue

ABC7 Chicago— The Chicago Bears want taxpayers to help pay for their new proposed lakefront stadium.

WRIC—Pros of Richmond’s new plan to pay for its baseball stadium outweigh risk, city leaders say. The new approach proposes a financing structure change to use city-issued revenue bonds to pay for its new stadium instead of creating a community development authority that would issue revenue bonds to finance it.

Fox News—Chicago Bears told to 'pay for their own damn stadium' after proposal has taxpayers footing $2 billion. Gov. J.B. Pritzker, D-Ill. and financial experts are expressing skepticism at the possibility of taxpayer money being used to pay for the Chicago Bears’ proposed new stadium. There has been hesitation towards the NFL franchise’s plans to spend $4.6 billion on building a new enclosed stadium along with an improved lakefront area, half of which would be paid by the state’s taxpayers. "The stadium itself would cost $3.2 billion to build, with another $1.4 billion in proposed infrastructure...

The Center Square—Illinois lawmakers may decide if Chicago Bears get public dollars for a new stadium. (The Center Square) – Illinois lawmakers return to Springfield this week to resume the spring session, and the Chicago Bears could be on the agenda. The Bears unveiled a nearly $5 billion proposal for an enclosed stadium and the NFL team is asking for public funding to help make it happen. The plan calls for $3.2 billion for a new stadium plus an additional $1.5 in infrastructure. “We have the most vivid downtown architectural design, and this affords us the...