Illinois Gov. J.B. Pritzker’s office says the Chicago Bears' proposal to fund a new lakefront stadium remains a “non-starter.' Top aides of the governor met with the team on Wednesday. The Bears unveiled a nearly $5 billion plan calling for public funding last week for an enclosed facility to be built next to their longtime home at Soldier Field.
CORRECTS POSITIONS OF IDS - Chicago Bears president Kevin Warren, joined by Chicago Mayor Brandon Johnson, left, speaks during a news conference where NFL football team unveiled a nearly $5 billion proposal Wednesday, April 24, 2024, in Chicago, for an enclosed stadium next door to their current home at Soldier Field. Illinois Gov. J.B. Pritzker speaks at a news conference in Chicago, Tuesday, April 16, 2024. Ukrainian Prime Minister Denys Shmyhal, Illinois Governor Pritzker, and U.S.
“As the Governor has said, the current proposal is a non-starter for the state,” press secretary Alex Gough said in a statement. “In order to subsidize a brand new stadium for a privately owned sports team, the Governor would need to see a demonstrable and tangible benefit to the taxpayers of Illinois.
The proposal calls for $2.025 billion from the Bears, $300 million from an NFL loan and $900 million in bonds from the Illinois Sports Facilities Authority. The funding from the ISFA would involve extending bonds of the existing 2% hotel tax.
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