Wisconsin & publicly funded sports stadiums everywhere for @thecentersquare. Email jstyf(at)https://xitter.cf/t.co/7FUbxQJfep.

Joined June 2010
I am interested in the Metra crosstown service proposal where train lines connect to O'Hare (and avoid downtown Chicago) and how that would impact getting to a potential Arlington Heights stadium/district (on UP-NW line) from other parts of the region.
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Good analysis here on what the "public ownership" of a new AH Bears stadium (+ sales tax capture in/around stadium) could mean.
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Flyover at Medinah first tee before Sunday’s Presidents Cup matches.
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Agreed 100%
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If only someone would have informed the public that all these projections were inaccurate before the event.
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This is the group (Econsult Solutions) that UW-Madison athletics paid to make claims about the impact of football games which lawmakers recited during debate on the $15M annual facility payments in the NIL bill.
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“Induced” and “indirect jobs” is wild math that no economist would ever agree with. We are talking about companies such as Starbucks and In-N-Out getting this money.
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Kentucky is suing the prediction markets.
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This is the statute.
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I disagree entirely that the financial math for the team is "unquestionably better in Indiana." In fact, it isn't close. Being able to pay for a development in AH with sales tax (same as the state paying for it through general revenue, BTW) and Bears keeping all revenue is huge.
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So this is what a stadium authority tax capture looks like (via Nashville)... teams looks at data/projections like this and far beyond while "negotiating"
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The use of “sales tax increment” here is wild. Yes, the additional sales tax beyond what they currently get here…
Replying to @JonStyf
And.... as I have stated so many times... the district around the stadium is where the Bears will gain so much revenue. This clause allows that to be a STAR bond district and have the development costs paid off with a tax capture. Yep.
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And.... as I have stated so many times... the district around the stadium is where the Bears will gain so much revenue. This clause allows that to be a STAR bond district and have the development costs paid off with a tax capture. Yep.
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Another huge item in NFL stadium costs is who pays for the ongoing maintenance and keeping a stadium up to "first-class" status, words NFL teams put in all its stadium deals. Have not seen that spelled out yet, with the city "owning" the stadium. Those are HUGE costs.
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Here the bill describes what can pay off the revenue bonds, including any taxes that are part of a intergovernment agreement to pay those bonds off. Again, I have seen similar language to this before.
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As I suspected, the stadium authority can bond for infrastructure. So, in theory, it could pay for the infrastructure $$$ the Bears are asking for through a separately authorized tax capture to pay off the infrastructure-related revenue bonds.
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The sports authority board members will be appointed by the mayor and serve 5-year unpaid terms.
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