Is Chicago Bears $4.6B stadium proposal even POSSIBLE?

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Brodie Brazil

Brodie Brazil

21 күн бұрын

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The Bears announced how they plan to fund a potential new stadium project in Chicago, and how much they believe it will cost.
Bears COO and executive vice president of stadium development Karen Murphy said in a presentation on Wednesday that the team expects the entire stadium project to cost $4.7 billion: $3.2 for the stadium itself and just over $300 million for the infrastructure required to open it, then $1.2 billion for two other phases of development.
Read more: www.nbcsportschicago.com/nfl/...
Last month, the team confirmed it would contribute $2 billion dollars to fund the majority of the project. On Wednesday, a slide in the presentation clarified that number would be closer to $2.025 billion dollars. After that, the team would look to an NFL stadium program for a $300 million loan. That leaves a $900 million gap for the stadium financing itself. The Bears plan has them looking to a bond mechanism in the Illinois Sports Facilities Authority program to make up the difference.
The Bears said a 2% hotel tax that is already in place for the ISFA should be able to make up the $900 million they need from public funds.
There wasn’t a clear answer as to where the team would get the $300 million for the infrastructure, however. Murphy said the team is still working with the state and looking into different funding sources.
If the team gets the public funding needed to open the stadium, they said there will be two more phases of development requiring public money: one to maximize infrastructure for the stadium and surrounding campus totaling $510 million, and another phase for “optional infrastructure to enhance the campus, improve circulation, and maximize public economic benefits,” totaling $665 million. Add up all three phases plus the IFSA funding, and it's nearly $2.4 billion in public money.
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Пікірлер: 332
@brodiebrazil
@brodiebrazil 19 күн бұрын
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@PDSRemote
@PDSRemote 19 күн бұрын
the bears can sell shares of the team to generate money - just like green bay
@jonathanscrutchensYT
@jonathanscrutchensYT 18 күн бұрын
Came in with his plug but definitely check it out
@gabetalks9275
@gabetalks9275 19 күн бұрын
Any stadium that is payed for by the public should be at least partially owned by the public. If the public is paying for it, and it hosts a team and events for the public, the public deserves to profit from it.
@KCobra396
@KCobra396 19 күн бұрын
It’s a publicly owned and the bears don’t Owen the land.
@JonDoe-ln6nl
@JonDoe-ln6nl 19 күн бұрын
Did you bother to listen to the report?? It WILL BE a PUBLICALLY OWNED stadium!! So shut your pie-hole until you know the facts!
@livingforever6157
@livingforever6157 19 күн бұрын
The city owns soldier field. The city profits from parking, the lease agreement, and revenue from additional events at the stadium. Only 5 of the 32 teams in the NFL own their own stadium. If the city wants to keep the bears as a tenant then there should be some investment to make improvements to the infrastructure around the stadium.
@davidlasdon457
@davidlasdon457 19 күн бұрын
Most stadiums that are partially paid for by the public are 100% owned by the city and/or state. The city gets 100% of the revenue for all non-team events.
@brodiebrazil
@brodiebrazil 19 күн бұрын
problem with owning it... then 30 years down the road, you're in charge of paying for all the upgrades. it's a trap
@robertlee6781
@robertlee6781 19 күн бұрын
If the stadium proposal is economically viable, let the owners sell bonds to raise funding. If they can’t sell bonds to fill the gap, it’s a no go. Both the Bears and Sox current stadiums aren’t even paid for. The Sox can move to Nashville for all I care.
@DuckOfRubber
@DuckOfRubber 19 күн бұрын
If it’s $4.6B privately funded, go for it. Otherwise enjoy Arlington Heights.
@richardsass5906
@richardsass5906 19 күн бұрын
If the state will not help with infrastructure funding and other assistance in Chicago, how will moving to Arlington Heights be any different? If the Bears do not have a path with a different stadium by 2028 or close after it, Kevin Warren told you, they will go elsewhere. The NFL would love to keep their charter franchise in Chicago. But if they do not have a viable franchise. When the NFL expands, I would not be surprised to see the Bears move. Do we want to be like St. Louis, and loose our team? Because that is a Very Real Option.
@bearworldwide101
@bearworldwide101 17 күн бұрын
Arlington Heights is also partially public funded too. AH wanted to put TIF funds and ask the county and state to fork over tax dollars for that project too.
@MisterCaution
@MisterCaution 16 күн бұрын
@@richardsass5906 The Bears would never move. You realize how large and wealthy the Chicagoland area is compared to St. Louis, right?
@AdrianJohnson34
@AdrianJohnson34 12 күн бұрын
NO One want to go wat out to Arlington heights to watch the Bears. besides there nothing around that area to do before & after the game. could even image the traffic it will bring. Then Metra can only take some many people.
@MisterCaution
@MisterCaution 11 күн бұрын
@@AdrianJohnson34 And WTF is there to do on the Near South Side other than walk a mile to your car and drive somewhere?
@natedostal86
@natedostal86 19 күн бұрын
I’ve said this before and I’ll say it again, no owner of any sports team should be allowed to buy a team if they don’t have the money to renovate existing stadiums or build a new one from the ground up
@Runboyrun89
@Runboyrun89 18 күн бұрын
I guess that depends. This stadium would allow the city to share the spoils. In 2026 every major U.S. city will be hosting World Cup games and enjoying 100s of thousands of visitors. Chicago gets nothing because of sub standard infrastructure.
@JasonFlemingMusic
@JasonFlemingMusic 16 күн бұрын
They bought the team in like 1920 dude lol
@gabetalks9275
@gabetalks9275 16 күн бұрын
They obviously have the money. They're billionaires. Of course they do. They're just cheapskates who want a tax handout. Public funding for stadiums didn't become a thing until Cincinnati Municipal Stadium in the 1960's. Before that, all stadiums were built by the owners themselves.
@dabears21ful
@dabears21ful 16 күн бұрын
Not bought, founded the team and NFL
@NSUCarlos
@NSUCarlos 19 күн бұрын
I'm not even a Giants fan but I more and more appreciate the fact that Oracle Park was privately financed, these other owners are something else
@Runboyrun89
@Runboyrun89 18 күн бұрын
But the Bears can build one themselves. It’s just going to be miles from the City. The city here benefits for 30+ years.
@kavid8120
@kavid8120 14 күн бұрын
If you were an owner you’d literally do the same and find any way possible to not have to pay for it all yourself 😂😂
@PauMaz
@PauMaz 19 күн бұрын
No more public money for billionaire owners…ever.
@cogekacc
@cogekacc 14 күн бұрын
joe biden already has your money
@garymartin1045
@garymartin1045 14 күн бұрын
Crooked Illinois Democrat Politicians will Figure a way to screw the taxpayers. Here in Michigan, we torn out a beautiful arena 30 years old. Palace to the ground, something crooked going on here.
@frozejam789
@frozejam789 11 күн бұрын
but your ok with politicians keeping it
@poohoo4495
@poohoo4495 19 күн бұрын
I love this style of content from you. 😁 Keep up the good work 👍
@brodiebrazil
@brodiebrazil 19 күн бұрын
thank you
@wandtvdougwolfe1
@wandtvdougwolfe1 19 күн бұрын
Great job, Brodie. The Illinois legislatures current session ends at the end of May. The House Speaker and Senate President are both basically saying there is no desire and no time to deal with this project.
@jeffha4057
@jeffha4057 19 күн бұрын
As an Illinois resident and taxpayer, it infuriates me that both of the White Sox and the Bears are coming back to the state with their hands out after getting a new stadium (White Sox) and a renovation (Bears). All of their problems are due to poor planning and execution. New Comiskey became dated the second Camden Yards opened, and I'm not sure what the Bears were thinking with that ridiculous renovation? Now they want more money? If the Bears can actually put together $2 billion in private money, then use that money to build a stadium on the land that they own in Arlington Heights. If not, too bad! Maybe the economic oasis that is Northwest Indiana is a better option. Or, they can leave the third biggest market in the country, which would immediately lower the value of the franchise. Either way, they deserve absolutely no public money, especially since the taxpayers are still on the hook for the Soldier Field renovation. I'm thankful that the Governor and the Illinois GA appear to be against this.
@kavid8120
@kavid8120 14 күн бұрын
The main problem is that the owner is tired of the Park District. They can’t even give the players a good field to play on
@frozejam789
@frozejam789 11 күн бұрын
yeah no money for them but like what about the billions in taxes already arent you mad they are fucking you for themselves
@maxallen5401
@maxallen5401 19 күн бұрын
Brody really love your work . Keep up the awesome stuff
@krissolson7043
@krissolson7043 19 күн бұрын
The tax they are talking about is one that is being used to pay off existing bonds on the current Soldier Field. It still has between $400 and $600 million in debt from the last time it was rebuilt.
@miker6570
@miker6570 19 күн бұрын
There is 2 parts of the total cost of this stadium. One of them is somewhat hidden. The actual stadium itself will cost about 3.2 billion dollars. Including what you mention on the existing bonds. The more hidden numbers is the 1.5 billion dollars for infrastructure (roads, utilities, etc). The taxpayers would be on the hook for the 1.5 billion dollar portion of the total cost.
@AndrewKerr5
@AndrewKerr5 13 күн бұрын
There’s an argument starting here in the UK right now about the renovation or a new stadium for Man United. The owners are worth billions, and seem to want £1bn in support of a stadium. If there is public support, then we need to have the stadium open in the summer months then the stadiums need to used for concerts and all profits from that be taken for the public. And access to suites not be denied, suite profits are public profit for non football events.
@dmarshall5148
@dmarshall5148 19 күн бұрын
Are the Bears playing a game here? They bought the land in Arlington Heights for the purpose of building their own stadium where they would take all the profits from things like Taylor Swift concerts and NCAA championships that caused a great deal of hulabaloo with the Chicago government. Now it seems like they're running up the pricetag knowing it'll go over like a fart in church with the public just so it can fail and they can go back to plan A. I never would have thought that the Bears brass would be able to think up something like that on their own but they did buy and still own that property in Arlington Heights...
@brett8532
@brett8532 19 күн бұрын
The problem is Kevin Warren. He’s openly very left wing and he wants the Bears in Chicago so the people of Chicago get the jobs etc. hes a social justice warrior posing as a businessman. The mayor also wants the bears in Chicago so he can claim he did something for the city during his disastrous term as mayor
@RealBron03
@RealBron03 16 күн бұрын
an indoor stadium even by the lakefront is needed with the high winds and the weather that develops especially by the lake
@donaldwobamajr6550
@donaldwobamajr6550 19 күн бұрын
I hate how everyone has jumped on the “White Sox are moving to Nashville” narrative despite the fact that the team has never publicly expressed interest in moving there. It’s all just speculation that people have taken as fact.
@clarencecannon3804
@clarencecannon3804 19 күн бұрын
As a Bears fan living in Chicago. I personally think that they should have built it in Arlington Heights. They will have so much space, plus parking and transportation won't be an issue.
@benjaminingram4857
@benjaminingram4857 19 күн бұрын
Their is a train stop near that Arlington heights race track.
@itisnotmeMARCO
@itisnotmeMARCO 18 күн бұрын
Arlington Heights doesn't have a large enough tax revenue for a billionaire to rob.
@Runboyrun89
@Runboyrun89 18 күн бұрын
@@benjaminingram4857yes but that requires people to go into the city and then go out of it. There are very few places building suburban stadiums anymore. They are past their sell by date.
@cosaosa2855
@cosaosa2855 16 күн бұрын
For only $1.2B more, these public transit issues can be resolved.
@MisterCaution
@MisterCaution 16 күн бұрын
@@Runboyrun89AH is easier for paying fans to get to than the Near South Side. Heck, it’s easier to get to for most of the North Side as well.
@myronlarimer1943
@myronlarimer1943 19 күн бұрын
If the City of Chicago and their Park District is involved with the planning, development and management it will be a train wreck…. It would be a bad design, over budget, shoddy workmanship, lots of kick backs. Just look at what they did with the “New Comiskey Park” only 30 years ago. The first and worst of the new ballparks. Come on. 4 Billion for a stadium that is used for 10 football games a year and maybe 15 other events annually?
@Runboyrun89
@Runboyrun89 18 күн бұрын
And whats the alternative? A Soldier Field left with money on it that will fall into a shoddy state without Bears games as a lynchpin. And they’ll take with them a large proportion of the concerts and other misc events SF gets. And the city misses out on game day and other associated revenue. Add to that the cost of Chicago deciding that it doesn’t feel like hosting major events. The 2026 World Cup is already a disaster for Chicago, this is going to become clearer as that tournament draws nearer. Chicago is going to miss out on the best billboard they can get. Are they going to miss out on Final 4s, Super Bowls, the 2031 Rugby World Cup, future concerts etc?! $2bn over 30 years is cheap, and 20 years isn’t so bad either given what Chicago gets out of this.
@myronlarimer1943
@myronlarimer1943 18 күн бұрын
@@Runboyrun89 Privately financed facility in Arlington Heights. Park Disteict has done nothing but mismanage Soldier Field for the past 50 years. They will do the same with any new stadium that is under their control. Let the teqms and their sponsors put up the money.
@stillsixstudios
@stillsixstudios 19 күн бұрын
Noob question, but has their ever been a deal where the taxpayers pay for stadium/infrastructure but receive a significant portion of the revenue for the events/concerts until its paid back?
@steveralston8837
@steveralston8837 19 күн бұрын
Yes! The Metrodome was actually profitable for the state of Minnesota. It was set up as a public asset in which the Twins, Vikings, and University of Minnesota paid rent. The stadium authority paid for operations and maintenance, but kept concessions, concerts, monster trucks, etc. This doesn't happen for MLB/NFL stadiums anymore, but it does for city arenas like Kansas City.
@JuanNunez2023
@JuanNunez2023 19 күн бұрын
What do fans really need from a Football stadium? This proposal looks so over-engineered. These multi-billion dollar stadiums look amazing but they aren’t being built with sustainability in mind. In 20 years, the Bears are going to be asking for money to upgrade it and upkeep just like all the modern baseball stadiums that are currently in trouble(The D-Backs for example) because they built something they couldn’t afford to maintain. I bet you could build a comfortable decent looking football stadium that will be around 100 years from now for 1/10th the price but these teams are in a weapons race to have the glitziest building possible even if it sinks the tax payers and the franchise in the long run.
@JonDoe-ln6nl
@JonDoe-ln6nl 19 күн бұрын
What do FANS need? Or what do OWNERS want? THAT IS THE Q! I want excellent sightlines. I want to be able to buy a beer and pee (not necessarily in that order) in 10-minutes (that's Half Time, folks!). And have a tolerable commute to the stadium, "entertainment district" (I have THAT concept/term), or whatever. Football = 12/365. Final Four 4 = 4/365/every X years??
@mickser101
@mickser101 18 күн бұрын
$4.6 Billion is an insane amount of money for a Stadium and surrounding area. If it does happen you could definitely see other events like Wrestlemania, Final Four, European Soccer teams, USMNT, Concerts, Boxing, UFC, Supercross, College Football Championship, Rugby Union, Chicago Fire big games etc.
@ChristosAlexakos
@ChristosAlexakos 15 күн бұрын
As a construction professional in the Chicagoland area, that has dealt with a lot of public projects,I find it exceedingly difficult to believe that a stadium can be designed and built by 2028 with the limited amount of pre work that has happened thus far
@jonortiz9002
@jonortiz9002 18 күн бұрын
Great analysis via the Chicago media reports. Thx BB.
@rgtutmn78
@rgtutmn78 19 күн бұрын
In theory, I agree that the billionaires who own sports teams should privately finance their facilities, however, I could see this project attracting plenty of revenue to the entire city for years to come. For example, I have been an avid Bears fan since the 80s even though I live in a completely different part of the country. My wife is too, which is something we bonded over when we first met. Two years ago we took the opportunity to spend our anniversary in Chicago since there was a concert we were dying to see at Soldier Field. This tour was not making a stop in our hometown so this was an easy decision. We plunked down several hundred dollars for the tickets, then airfare to Chicago, and stayed for nearly a week in a hotel downtown. We took in a Cubs game (we also managed to both be avid Cubs fans too), ate at nice restaurants, went to Shedd Aquarium, the science and technology museum, the field museum, etc etc. We look forward to going back sometime soon to catch a Bears game and continue to see other sites around the city that we didn’t get a chance to see. We spent quite a bit of money, all because of an event that was being held at the football stadium brought us there.
@CubeInspector
@CubeInspector 19 күн бұрын
Cool story. The bears aren't going anywhereregardless so no reason to spend public money. If an owner can't afford to maintain their stadium then they shouldn't be an owner. Stop handouts for billionaires.
@DougGlendower
@DougGlendower 19 күн бұрын
The only stadium to ever actually recoup it's costs in revenue brought in is the LA Memorial Coliseum. The only 2 Olympics to show a profit for their host cities were '32 in LA and '84... in LA.
@Runboyrun89
@Runboyrun89 18 күн бұрын
Take the 2026 World Cup. Chicago not getting it. You are probably talking about 400-500k people not getting to see Chicago because of substandard infrastructure. What’s the initial cost of that? Then what’s the cost of losing this billboard to the world?
@chrancylewhern4443
@chrancylewhern4443 14 күн бұрын
New reports put the total cost closer to 7 billion In Chicago...#hardpass.
@user-rx4bl4ou5c
@user-rx4bl4ou5c 17 күн бұрын
Giants and Jets used their own money for their stadium few years ago. Public should never fund a private sports team
@willrobinson4976
@willrobinson4976 19 күн бұрын
I hope they get it somehow; they deserve a great stadium for beautiful lake front and skyline.
@martinarden9705
@martinarden9705 16 күн бұрын
If I'm the City of Chicago and the State of Illinois, I call the Bears' bluff on this. Part of the mystique of the Bears is the fact that they're from Chicago. The reality of the situation is that they're a business that produces an event that takes place in Chicago 8-9 times per year (possibly 2-3 more times if they get home playoff dates). They're asking the City/State to put up over $1,000,000,000 for what is largely going to be a rarely-used, single purpose stadium. If the City/State say no, the Bears aren't going anywhere.
@jean-yvesmartin6934
@jean-yvesmartin6934 13 күн бұрын
So that's it, 25 to 30 years is the shelve life for a stadium ?...these 2 venues are not that old...
@garyoz
@garyoz 13 күн бұрын
No to Lake front stadium!!
@monica93304
@monica93304 19 күн бұрын
How much in campaign contributions are the politicians in Chicago getting paid in order to push this on the taxpayers?
@PDSRemote
@PDSRemote 15 күн бұрын
they will be given stadium advisory roles just like they do with the tollway authority - legalized corruption
@GeneralBulldog54
@GeneralBulldog54 17 күн бұрын
So here’s the sitch with Illinois, we’re just now getting our finances in order with Gov. Pritzker and Co. getting our credit rating from BBB- to now A- getting increased approval over 9x just in the governor’s 6 years in office. Enter both the Bears (who still owe the state for its 2000’s renovations to Soldier Field that altered it so much it was removed from preservation sites) and White Sox (who threatened to leave Chicago in the 80’s to potentially move to what’s now Tropicana Field for state funding for a new stadium, the possible first team to do so) hedging their bets on getting them during this stadium boom and there was bound to be friction. Meanwhile, fan attendance to games are dwindling due to both teams doing poorly and being cost prohibitive (millennials and Gen Z can’t afford to go to games let alone vote to increase taxes to build these billion dollar behemoths). Maybe if ownership put winners on the field instead and putting money into buying and renovating their own stadiums (both Bears and Sox sites aren’t owned by their owners instead owned by the Chicago Park District and Illinois Sports Facilities Authority respectively) maybe fans in town would be ever so slightly more forgiving. Personally, I think these teams should just create a trust where local supporters, the fans have stake in their teams personally. It’d prevent the likes of your McCaskeys and Reinsdorfs from idiocy like this. But the likes of the 5 majors will never allow it.
@markprad
@markprad 19 күн бұрын
The Bears wanted Soldier Field. Mayor Daley proposed a dome stadium near United Center. They should stay in the stadium that they wanted. The lease is up in 2035.
@qbitz08
@qbitz08 15 күн бұрын
Chicago taxpayers bankrolled the 2003 renovation of Soldier Field, which cost taxpayers $609 million -- and taxpayers still owe nearly $590 million of that debt, according to estimates. What a freaking CLOWN college. How can a new stadium possibly be under consideration?
@gualbertogarcia305
@gualbertogarcia305 16 күн бұрын
This has “GOT TO STOP”. The Cities, States and this Country, are in such a “MESS”. All the Public TAXPAYERS MONEY, that has been and is being used by All these Stadiums could have or could be used to Solve so many of Societies Basic Needs Problems. “WHAT a WASTE” of TAXPAYERS MONEY, over and over and over again. Use PRIVATE MONEY to do this.
@ronavena
@ronavena 19 күн бұрын
Why can’t the Bears and White Sox pair up and build a dome in the squircle shape of the Louisiana Superdome, so that funding can be had for both teams?
@jerryrichard1857
@jerryrichard1857 17 күн бұрын
This is for Chicago, don’t forget about the additional $1-$2 Billion dollars in graft, corruption, payoffs, and Unions with their hands out. The Bears should pay for their own stadium and pay back what they owe on Soldier Field.
@punklover99
@punklover99 19 күн бұрын
Short answer no, long answer nooooooo
@SmilesPerGallon-
@SmilesPerGallon- 16 күн бұрын
The amount of grift that will occur if the stadium gets rebuilt will be WILD 🤑favors given for contracts chosen to construct….it’ll be a cash cow for local politicians.
@edwardcasper5231
@edwardcasper5231 18 күн бұрын
This is a much different situation from that of the Coyotes. The large commercial development around the sports venue (a la SoFi Stadium in Los Angeles and the proposed Coyotes arena) helps subsidize the marginal economics of a stand-alone stadium.
@schmoab
@schmoab 19 күн бұрын
The situation in Kansas City was due to a really bad proposal on both sides (but mostly the Chiefs), and I don’t think indicates whether people are willing to fund the teams. If they figure out a more inspiring proposal, they may have some chance of getting some public money. Obviously in Nevada there’s no way the voters would ever approve public money, so it’s up to the legislature.
@AV57
@AV57 18 күн бұрын
This project had better not use state funding. I live in Southern Illinois and we have basically been abandoned by Springfield. Apart from keeping I-57 to Chicago and I-24 to St.Louis open, Illinois spends no money down here. Don't worry, though, Springfield still collects our taxes. Projects like this literally do nothing for us.
@jasonrandom372
@jasonrandom372 19 күн бұрын
5:48 Public funds dispute was the reason San Diego Stadium and Convention Center never got built 8 years ago. Had that Stadium gotten built it today would have cost 5.2 Billion dollars. More expensive than this Stadium 4.6 in the video would have cost being the second most expensive Stadium.
@stevenk2483
@stevenk2483 19 күн бұрын
All these comments but no one is asking why there’s no parking… Hmmmm….
@derrickhensley7898
@derrickhensley7898 16 күн бұрын
agree, the renderings have vast baseball and football fields outside the stadium
@TahitianTreatSkeetJuiceJr
@TahitianTreatSkeetJuiceJr 14 күн бұрын
if u look at the full details, its underground at the site of the old stadium. this comment has been made before. its amazing how people think theyd come up with a plan like this and not have a plan for parking. how dense are u people lol
@gurujr
@gurujr 18 күн бұрын
This is Chicago. The overruns for this stadium are guaranteed to be more than the projected price tag.
@marvinwhittaker
@marvinwhittaker 19 күн бұрын
It's a nice stadium, similar to AT&T stadium in Arlington, Texas but a little smaller.
@esp4372
@esp4372 19 күн бұрын
A knockoff more expensive version.
@marvinwhittaker
@marvinwhittaker 19 күн бұрын
@@esp4372 Jerry Jones spent his own money to have AT&T stadium built.
@joshstorch3315
@joshstorch3315 19 күн бұрын
If Bears get it and White Sox don't say goodbye to the Sox
@moonytheloony6516
@moonytheloony6516 18 күн бұрын
I think the Sox are going to Utah because they approved 900 million for an MLB stadium if granted a team by MLB, so the stadium has the secured funds guaranteed. That means reps from Utah can dangle that to Reinsdorf, if they haven't already. Keep in mind that Utah already snagged the NHL's Arizona Coyotes, so Salt Lake City is deadly serious about being a bigger sports market. Push comes to shove Chicago and Illinois will most likely give the Bears something because the selling point is the bigger picture of hosting the Big Ten Championship Game, An NCAA National Championship Game in Football, Men's and Women's Basketball, The Super Bowl, WWE's Wrestlemania....all of this and more is a greater allure. The Sox can't compete with that, so yeah, I do agree with you but I'm going to predict that the Bears will likely get this deal done and Illinois will help the White Sox pack their shit and kick them out the door. So I do have a question for you, and I want you to give this some thought. Would the MLB bring an AL team back to Chicago IF the Sox leave? Keep in mind that the AL has lived in Chicago for over 100 years through the White Sox....let me know your thoughts.
@carlosrodriguez5954
@carlosrodriguez5954 18 күн бұрын
What gets in the way of the Sox moving to either Nashville or Utah is that there are ownership groups out there interested in expansion rather than relocation. Nashville in particular has had a group for years that includes a lot of names known within MLB circles. But the league has been adamant about fixing stadium situations in both Oakland and Tampa before considering expansion.
@andrewereynolds5840
@andrewereynolds5840 14 күн бұрын
💎 Chicago is the Global Commodity Capital of the 🌎 world. Go 🐻 Bears!!!
@joanned8172
@joanned8172 18 күн бұрын
4.6 billion for a stadium to host 8 or so football games a year is insane, especially asking the public to pay for any part of it. The NFL is by far the richest sports league, pay for your own stadiums.
@reimagedmedia1955
@reimagedmedia1955 14 күн бұрын
Funny thing is pat Quinn is the clown that steamrolled the soldier field renovations using ISFA 😂
@billtate6962
@billtate6962 19 күн бұрын
It's so disingenuous when Chicago's Mayor keeps inferring they need this Stadium for the Bears to remain the Chicago Bears. If the Bears moved to Arlington Heights....they'd STILL be the Chicago Bears....just like the MANY other NFL teams that currently do NOT play in the city of their namesake...such as the Dallas Cowboys playing in Arlington...or the San Francisco 49ers that play in Santa Clara.
@seanmoore9713
@seanmoore9713 19 күн бұрын
Surely they could save a ton of money by not having it domed.
@JonDoe-ln6nl
@JonDoe-ln6nl 19 күн бұрын
Not really. Maybe $300M? Less if they opt for a retractable roof (like they should).
@sandtoy11510
@sandtoy11510 19 күн бұрын
@@JonDoe-ln6nl$300 million dollars is not a lot of money ??
@carlosrodriguez5954
@carlosrodriguez5954 18 күн бұрын
The issue is that they need the roof to host events beyond Bears games - namely, Final Four, Wrestlemania, possible concert residencies and more. These would attract more events year round and help bring in revenue. But it does raise the question of a retractable roof, which would be a better fit on the lakefront.
@Mr.Ed_Wayner
@Mr.Ed_Wayner 19 күн бұрын
Can you do a video on the boondoggle stadium projects that cities continue to pay after team relocates. Two come to mind. Mt. Davis and Houston Astrodome expansion for the Oilers. How long after teams left are cities paying bonds for these projects.
@jimt9245
@jimt9245 17 күн бұрын
As the second most expensive stadium, it must also be considered a potential Super Bowl Site.
@tomace7924
@tomace7924 19 күн бұрын
I’m a bit confused. Wasn’t the whole reason for the Bears buying the Arlington Heights site was for them to own all the revenue generated from their new stadium and not have to share their revenue with the city of Chicago.
@carlosrodriguez5954
@carlosrodriguez5954 18 күн бұрын
Yes that was the idea early on. But they got into a dispute with the county treasurer on the property valuation and the new president realized just how expensive bankrolling a stadium privately would be. The Bears’ owners, the McCaskeys, have no other significant source of revenue other than the team, unlike most other NFL owners who have other business. So having public money help build a stadium is probably their only option.
@Reg44T
@Reg44T 15 күн бұрын
You noticed they announced it the day before the draft. They knew fans will be excited about Caleb!
@davidmichael4002
@davidmichael4002 14 күн бұрын
No public money!
@johngibson8636
@johngibson8636 18 күн бұрын
Sounds like San Diego, a bad political situation and bad ownership. Then layer in legal challenges and a decade will go by in a heartbeat.
@bobbeebottlezzNYC
@bobbeebottlezzNYC 18 күн бұрын
I know this sounds crazy but ova the last 2 years I've saved bout $25,000 to purchase two PSL for the new stadium.... This is the first new anything they have built in the city of Chicago in over 20 years... And I have to be a part of it
@techi9
@techi9 19 күн бұрын
3bil for a stadium that manica copy and pasted from Allegiant Stadium only holds 65k seats
@Smart-Towel-RG-400
@Smart-Towel-RG-400 19 күн бұрын
we need a federal law banning any money going to any sports arenas
@lucyhg2010
@lucyhg2010 14 күн бұрын
The stadium has to be covered in order to be able to host the Super Bowl which is a huge way to make money. Every new stadium gets the Super Bowl with in a couple years.
@ronwebster1114
@ronwebster1114 19 күн бұрын
Where are they going to go and get a 4 billion dollar stadium? Are all of these teams going to move? There are not enough places to go that could support the teams
@mikepuncsak7297
@mikepuncsak7297 19 күн бұрын
You are so right Brodie These reporters don't try to show off the WOW factor of the stadiums rendering
@itisnotmeMARCO
@itisnotmeMARCO 18 күн бұрын
This is a copy and paste of Allegiant Stadium where the Raiders play in Las Vegas. There is nothing to be wowed by, we've seen this exact design before.
@ikGREENY
@ikGREENY 15 күн бұрын
It’s indoor because Chicago is -10 degrees in the winter.
@jcorona984
@jcorona984 19 күн бұрын
The numbers the Bears will be seeking are much more attainable from a big city like Chicago vs Arlington Heights.
@walterbison
@walterbison 19 күн бұрын
@4:47 Stop it. The Bears are the charter franchise in the NFL and one of the most historic. The Bears ceasing to be the "Chicago Bears" is like suggesting that the Red Sox or Yankees would move.
@brodiebrazil
@brodiebrazil 19 күн бұрын
if it comes down to money or tradition, what do you think wins?
@gabetalks9275
@gabetalks9275 19 күн бұрын
The Brooklyn Dodgers are still to this day one of the legendary and historic franchises in baseball, yet they still moved to LA.
@AdrianJohnson34
@AdrianJohnson34 12 күн бұрын
Dome Stadium is somewhat nice. However it takes away of seeing the chicago skyline. & The Beautiful Lakefront. The Dome should be retractable. PERIOD, As far as the cost is concern. The Public shound not pitch, not even a penny. 1.8 Billion can fix a LOT of Chicago poor neighbrhoods. This project ONLY Helps The RICH keep money in there pockets This Mayor lost his damn mind. Come with a better low cost plan Bears
@Bolverine
@Bolverine 16 күн бұрын
According to Forbes, the Bears make over half a billion in revenue every year. They could have it payed off easily in less than 10 years if they secure a loan.
@paulhenderson6756
@paulhenderson6756 17 күн бұрын
Ultimately, they'd like to sell the team, and the franchise is FAR more valuable if the team is based in Chicago than it would be out in Arlington Heights.
@ac2670
@ac2670 15 күн бұрын
Illinois and specifically Chicago taxes are already insane for what the taxpayer gets in return (crazy crime rates, potholes, expensive cost of living, etc). Best of luck convincing the taxpayer to front even MORE.
@MilesTailsProwe
@MilesTailsProwe 19 күн бұрын
The city should be able to help the team find a land plot but acutal building cost is all on the team.
@moonytheloony6516
@moonytheloony6516 18 күн бұрын
I've changed my thinking a bit on this one because I feel Illinois and Chicago specifically will make a choice here. They will not be able to help the Bears and the White Sox. It's too much unless the Sox find a creative way to privately fund their new stadium. Which means Illinois will let the Sox leave...and I'm thinking Utah because Utah has secured the financing of 900 million for a MLB stadium...they just need a team to put there so they can start building it. Such a thing can be dangled to Reinsdorf and the MLB owners as a solution. They've already acquired the Coyotes the same way. Lightning CAN strike twice. That leaves the Bears. The allure of that Stadium is sentimental, it keeps them in the city which will shut up all of the fans whining about location, and it has a deeper investment appeal. Unlike a new park for the Sox, a Bears stadium can host at least 3 NCAA National Championship Games in two major sports. It can host the Big Ten Championship Game for football, it will secure at least one Super Bowl bid, and likely more than one...why? It's Chicago.....lots to see, and do, and eat. That's why. WWE will want to put a Wrestlemania in Chicago as well. You can count on that happening. A new Sox Park can't sell any of those things. The Bears are going to get their way because it may come down to a choice. Not everyone likes the Sox but just about everyone loves their NFL football and they love their Chicago Bears. That's my updated take on this. But here's a side subject....let's pretend I'm right about this. Bears stay in Chicago, Sox leave. Does....Does the MLB restore an AL franchise in Chicago if they lose the White Sox? Or...will it be just the NL Chicago Cubs as the only MLB team in the City of Big Shoulders?
@amazingeric97
@amazingeric97 17 күн бұрын
The Chicago Cubs in addition to a local Chicago fan base also have a Regional & National fan base. The White Sox have a much smaller fan base than the Cubs. If the White Sox relocate from Chicago will just be left with the Cubs. Chicago will not get another AL team again. When the Chicago Cardinals NFL team relocated from Chicago to St Louis then Arizona Chicago never received a second NFL. The same thing will happen if the White Sox relocate. As a Cubs fan I feel like the White Sox would not be missed if the team relocates die to have a much smaller fan base.
@James_Ford4815
@James_Ford4815 19 күн бұрын
yea 43k jobs for the 3 years it takes to build , but then what?
@ooogyman
@ooogyman 19 күн бұрын
And it's not like those 43k construction jobs couldn't go to build something else, like housing or schools.
@stillsixstudios
@stillsixstudios 19 күн бұрын
Brodie, because indoor stadium means they can host the SuperBowl & concerts
@brianjones7660
@brianjones7660 19 күн бұрын
how often? Is it cost effective?
@jasonrandom372
@jasonrandom372 19 күн бұрын
Not to mention the NCAAB Final Four.
@elsongs
@elsongs 18 күн бұрын
Chicago is the 3rd largest media market in the US. Why can't the team just fund this privately? Stan Kroenke had the $5B SoFi stadium in the Los Angeles area built on his own dime...
@bigboi3512
@bigboi3512 18 күн бұрын
My Bills got public money, and I'm happy they are staying put however cities have to start saying no. And if cities do contribute no more than 30% max. The more we allow the leagues to get all this money for stadiums, tv packages and merchandise the more likely the asks will never end. I believe the Bear's need a new stadium but minimal public money.
@LLWoods83
@LLWoods83 15 күн бұрын
Not a single dollar should come from the public. There are more important things to take care of in Chicago than losing teams. Funding should go to Chicago Police and Public Schools, not profession sport teams.
@robo60616
@robo60616 19 күн бұрын
Sometime in the future a stadium can be Tokenized for funding .this is called Real world Asset .this process can take taxpayers out of the picture. Fans could be a fractional owner .
@benjaminingram4857
@benjaminingram4857 19 күн бұрын
It is possible it can also be paid without taxpayers and with every event going on in it would pay for itself through hotel tax.
@jasonrandom372
@jasonrandom372 19 күн бұрын
No public funds period! That includes no hotel tax.
@d.b.4671
@d.b.4671 19 күн бұрын
So, is Fire FC planning on playing elsewhere, or did everyone including the render artists just collectively forget they exist? How do they factor into this plan?
@carlosrodriguez5954
@carlosrodriguez5954 18 күн бұрын
The Fire are looking for a soccer-specific stadium of their own, most likely, within city limits. They do not really factor into this as secondary tenants at Soldier Field. They will continue to play there as long as the lease allows until another option is available. FWIW the renderings did suggest the capability to host soccer games in the new stadium, but I think they were targeting international games and friendlies more than 17 regular season Fire games that conflict with potential events.
@littleconnormcd
@littleconnormcd 18 күн бұрын
They really asking for 2 billion dollars to build Allegiant Stadium II
@vincentpatitucci1018
@vincentpatitucci1018 14 күн бұрын
Bears, bulls and white soxs need new stadiums. However Chicago has some of the worst roads and bridges in the US. Fix our roads and bridges first. Also they need to replace our copper pipes for drinking water. A new stadium should be last on the list.
@19MAD95
@19MAD95 8 күн бұрын
$4.6 Billion holy moly that’s a lot of cash
@jay5286
@jay5286 5 күн бұрын
I love the stadium but the public should not be putting any money in to stadiums or arenas.. the owners are rich if they really want to they could get together a group and pay for the whole thing themselves the days of taxpayers paying for stadiums should be over
@scruffysamurai
@scruffysamurai 19 күн бұрын
They want a domed stadium for the Super Bowl. The NFL requires climate-controlled domed Stadium if the historical average daily temperature over a 10-year period in the Host Community on the week of the Game is below 50 degrees.
@Chatta-Ortega
@Chatta-Ortega 16 күн бұрын
Imagine the impact $2B would have in the low-income areas. At some point, society has to have to prioritize people over subsidizing billionaires' sports teams.
@dannybaldwin7343
@dannybaldwin7343 18 күн бұрын
😁 Da Bears ownership a joke not happening 😁
@LowLight24x
@LowLight24x 19 күн бұрын
Give all Chicago residents Bears season tickets for the next 10 years... Like what are they offering in exchange? Some nice venue that we already can't afford to visit 😂 Hopefully it goes to a vote, so we can easily vote no. I would love to see this new stadium, but not on my dime.
@edwarddobrowolski9398
@edwarddobrowolski9398 19 күн бұрын
what will happen with Arlington Park ?
@mikedavis1915
@mikedavis1915 17 күн бұрын
the bears are a “cash cow” once the new stadium is up and running they will make tons of money! I don’t mind loaning them the money, but they would definitely have to pay it back and they can definitely afford it!
@beetlesquish
@beetlesquish 19 күн бұрын
I'm so excited for the packers to win the opening game there
@UR_Right24
@UR_Right24 19 күн бұрын
McCaskey's just need to build what they already had planned to out in Arlington Heights, where they've already spent almost $200million on the land, and just suck it up and deal with the property tax rates that AH wants to charge, that the Bears aren't happy with, knowing that when it's all said and done, they are going to make so much money off that stadium and all the amenities surrounding it, and with all the different events they'll be able to host, and knowing that it means they'll be owning their own stadium and no longer have to deal with the corrupt politics of Chicago, and knowing that any potential new owner that they might try to sell to in the future, will be much more likely to buy with them knowing they are buying it directly from the McCaskey's, knowing they also don't have to deal with the city. If I am the McCaskey's, there is no way I am puttiing in $2billion into the lakefront project if I am not getting at least a 3rd ownership of it all. I think this whole thing is just a bit of poker to get AH to come down on their property tax demands and to maybe get them to put in more on the infrastructure around the stadium. Bears are bluffing. Not sure if AH is going to bite on that, but they should. They should want this project to happen. I live in the suburbs, closer to AH than downtown Chicago, and I firmly believe more of the people who go to games, live in the burbs rather than in the city. AH has always just made more sense. The lakefront proposal doesn't have any parking in it or tailgating or sports book or any of the amenities fans want and what the AH proposal includes, because their is much more land with the AH project to have those things than with the city project. The city wants the McCaskey's to fork over a lionshare of the money for it but then they want it to be a 100% public owned stadoum and park with none of the amenities Bears fans want. The city sees the project as a public park. Screw that noise! There are enough free public parks and spaces and activities in Chicago. Bears fans paying hundreds of dollars to go to a game don't need to be subject to a bunch of transients walking the park outside the stadium. I mean, Lori Lightfoot and the city of Chicago were begging the Bears not to leave Chicago, so much so that they quickly came up with a proposal and new stadium renderings and basically saying the McCaskey's wouldn't have to pay for anything under her proposal, because they knew the Bears leaving would be devastating to Chicago financially and in other ways as well, and now they act like the McCaskey's are coming at them hat in hand or something and making the Bears pony up 2billion and they still won't own the stadium? If you the city desperately wants to keep the Bears the Bears in Chicago, then you should have to pony up all the costs, not the McCaskey's.
@arbiter1
@arbiter1 17 күн бұрын
how does bears have 2 billion $ to put towards stadium? Um not 1 dollar of federal money should be put on this. people in other states shouldn't be on the hook for paying for a private stadium.
@jesusm2159
@jesusm2159 16 күн бұрын
4:11 people should vote 🗳 on it , most likely a No
@DaSixtyNiner
@DaSixtyNiner 19 күн бұрын
They’re talking about it costing over 7 billion dollars with cost overruns. It’s not going to happen. They also had this press conference the day before the draft because they knew the draft would overshadow the sticker shock. The Bears knew the public would be pissed. From the start to its finish, the Bears screwed the pooch during that press conference.
@user-eh5cr4or6k
@user-eh5cr4or6k 15 күн бұрын
Not unless it's built like the last Stadium where they used more sand than mortar.
@williambozek5458
@williambozek5458 15 күн бұрын
It would be possible IF Chicago gets a 2nd NFL team
@steveralston8837
@steveralston8837 19 күн бұрын
The Bears stadium would be publicly owned. A difference from many other proposed projects.
@geebee6010
@geebee6010 16 күн бұрын
Indoor stadiums are eligible to host super bowls. More money to the owners.
@scotttild
@scotttild 19 күн бұрын
Pay for it on their own darn dime 49ers did so can they.
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