The proposal for the Chicago lakefront stadium would pay zero property taxes because it would be publicly owned. The revenue would to pay for the public's share would come from the existing hotel tax. Nearly all of the extra costs come from improving access to the area which is needed anyway. Mayor Johnson's lack of political capital doomed it from the beginning.
Mayor Johnson had no chance from the beginning. Chicago had no chance from the beginning.
The Bears are coming off if a TERRIBLE deal with the Chicago Park District. It's the Bears own doing to get into such a terrible contract, but in doing so they're only getting 70 cents on the dollar for ticket prices and they get no concessions revenue. The Park District runs the show and rakes the Bears over the coals. Again, the Bears did that to themselves on the watch of Mike McCaskey, the biggest buffoon of them all.
They're also is the smallest stadium in the NFL and it's not because they wanted it that way, it's because that's all the space allows. The logistics of that place is a dumpster fire.
Those are the facts of the situation. Can't get around any of it.
Other facts that Chicago can't get around:
1)The Bears want their own pad. They want all of the revenue, they want to hold large events and be the beneficiary of all of that. Nobody can begrudge them for that. Chicago/Johnson refuse to just accept that. They've been the beneficiary of that deal and seeing it walk out the door and the pressure that comes from the CTU not getting their palms greased is enormous. That group is the only reason he's on office
2)The Bears want a 70,000 seat domed stadium, with all of the parking needed, restaurants and hotels surround the area....and it's all on their land. Those facilities/hospitalities allow Indianapolis, of all places, the ability to hold Final Fours, Super Bowls, Big Ten Championship games, etc. Not sure if anyone here has been there, but it's the perfect setup and they left no stone unturned to be able to get those events.
For that type of setup to occur in Chicago, they'd have to demolish the current stadium, demolish McCormick Place, take 3/4 of Lake Shore Drive out OR......fill up 2 miles of Lake Michigan with a gazillion tons of concrete. Oh, and the Friends of the Park has to agree to not say anything about it or try and sue anyone for a sparrow being displaced. Warren, also a buffoon, tried to sell them in the fact that a new stadium enhances the park and beautifies it. They gave him the middle finger, the red tape went up and that was that.
So, that leaves the state of Illinois with only one option. That's Arlington Heights. The Bears want to stadium there, the NFL wants the stadium there, the mega PILOT bill made it through the house, but it got stopped in the Senate by one caucus and one caucus alone. It was the Democrat Chicago Caucus that Johnson has in his back pocket. The Senate was short votes because of that one group that refuses to be able to grasp the above. They have absolutely no chance of landing this project. The Bears have told them, Pritzger told them, the Indiana government flat out called him out and embarrassed him....doesn't matter. Now, for the program to get through for AH, they need 3/5 vote versus all that was needed was a simple majority on 5/31.
The only one who can strong arm that one is Pritzger, but he has his own political aspirations and he's held hostage by Chicago. He threw some real high inside fastballs at Johnson publicly basically saying all of the above with regards to the possibility of a stadium there is 0% and they had years to come up with a plan and couldn't. Pritzger won't go any farther than that on this subject. They can't even balance a budget, so he's got no real political capital behind him.
The only way this gets done is to call a special session and that only happens if a deal is being worked behind the scenes to get that 3/5 vote. I don't think it will happen and if I'm the Bears, there's NO WAY that I'm pushing this off until this fall and they should not be expected to.
Johnson is the leader of the clown show that is Chicago politics. He won't be reelected, Mendoza is already grilling him on this.....it's just meaningless drama.