Chicago lost the Bears this week. A team that's been in the city since 1921.
They didn't lose them to a bigger market or a better deal. The Bears decided they'd rather be a tenant in Indiana than deal with Illinois for one more year.
Think about how badly you have to run a place for that to be the smart move.
They lost them for two reasons.
The people running Illinois would rather villainize a builder than keep one. And they're bad at their jobs.
In 2021 the Bears spent $197M on the old Arlington Park racetrack.
Before they could break ground, Cook County valued the empty lot at $192M (Bears said $60M). They were salivating at the chance to extort a building that didn't even exist yet.
That fight dragged on for years.
The Bears were ready to put $2B into the stadium. All they wanted was a promise the county wouldn't reassess them into oblivion, plus $855M for infrastructure everyone uses. Roads, transit, utilities. A $3B project, two thirds of it private money pouring into Illinois.
Springfield had since 2021 to get this done. They dragged it to the final night of session, passed it through the Senate at 3:39AM, and the House went home without voting.
So now it's all gone.
The funniest part? This started because Cook County tried to grab the tax early. They knew a built stadium would pay $53M a year. Now they get under $4M on a vacant lot. No jobs, no buildout, no new anything.
Congrats on fighting for scraps and losing the whole prize.
Pritzker: they're "an $8.5B valued business" that doesn't need propping up.
But be smart for a second. Almost every NFL city throws in public money for a stadium. Not charity. The return is real. Tourism, hotels, restaurants, jobs, game days, property tax on a huge development. The math works.
Indiana did the math. While Illinois sat on it for years, Indiana passed a bill in months, put up $1B, and took the team.
And the Bears took a worse deal to get there. In Illinois they were going to own their stadium. In Indiana they rent it from the state. A team that wanted to build its own home gave up ownership just to escape Chicago.
Nobody won but Indiana. The Bears lost their stadium. Illinois lost the team, the $2B, and $53M a year in taxes.
Pritzker after they left: "I wasn't willing to give up billions of dollars of taxpayer money to give it to a billionaire-owned family or team."
There it is. "Billionaire-owned."
That's how Democrats talk about any business right before they run it out of town. Call them a billionaire, act like you're saving working families, take a victory lap while the tax base drives across the state line.
Meanwhile they're running the whole state into the ground. And you already know how this ends. You're living in it.
Pensions are $143B in the hole, worst in the country and not close. You pay $6,285 a year in property taxes, double the $2,969 national average, for a city that's $1.15B in the red. The mayor called its finances "the point of no return."
When you run things this badly, you sell what's left.
They leased the parking meters for 75 years to Morgan Stanley and a sovereign wealth fund in Abu Dhabi. Took $1.15B and burned through it in two years. The investors already made it all back, with 58 years left to collect.
Sold the Skyway. Sold the downtown garages. Every asset that made money, gone for one check.
But a fixed property tax rate for a team that's been here 106 years? That's "propping up billionaires."
Companies are leaving. Boeing for Virginia. Caterpillar for Texas. Citadel for Miami. In 2023 alone Illinois lost 56,000 people and $6B in income to other states. The ones who left earned a third more than the ones who moved in.
Indiana didn't outbid anyone. AAA credit, 16 years straight. A $676M surplus. Fourth-lowest debt per person in the country. They just weren't a disaster.
Illinois could have collected $53M a year. It chose zero. Ignore all the bad management but make sure to stick it to those evil, pesky billionaires.
So under full Republican control, the Republican controlled Senate can’t pass the Save America Act for election integrity, the House just passed a bill giving another $9 billion to Ukraine, Republicans are planning to merge our military with Israel’s military while Trump has us in another foreign war that’s costing $2 billion a day and has driven gas over $4.50, and not a single person has been held accountable for the pedo Epstein files.
@bruceizloose@jthome21 0 runs saved, 12 errors last year, 9 errors this year. Not a lot of range…I think he’s a utility man as this team grows. Way too many middle infielders in the system to keep him at second for long
Jewish groups are now boasting more explicitly than ever that they will use Jewish wealth to destroy any US politician who refuses to "stand with" Israel: as they did to Massie.
But if you observe the same exact thing in order to criticize it, you're instantly branded a bigot.
Matt Brooks bragging that the Republican Jewish Coalition spent millions to buy a congressional seat in Kentucky… but if you observe the same thing, you’re antisemitic.
@barstoolWSD@dibsemeritus@grok Hahahahhaha that kinda blew up in your face @barstoolWSD
Lost Marsh is gorgeous and I’m not even from Indiana. It’s legit one of the most scenic golf courses in the Chicagoland area.
Joe Kent was right.
He warned that Netanyahu’s agenda diverged from America’s; pushing endless degradation over Trump’s deal-making.
Now, with fragile ceasefires, disrupted talks, and Israeli actions in Lebanon slowing diplomacy, the results speak for themselves.
Respect to @joekent16jan19 for speaking truth despite the backlash.
Those who trashed him owe an apology.
This video was deleted from Facebook yesterday.
You know what to do ‼️
Trump in 2008: Anyone who invades the Middle East under false pretenses should be impeached.
Two things happened over the weekend
1) NYG QB Jaxson Dart introduced President Trump at a rally in New York.
2)GB Packers RB Josh Jacobs beat and strangled his girlfriend.
Guess which one the #metoo crowd and liberal media are most angry about?
@JJoren27556@barstoolWSD I think they’ll do what they need to in order to get as many people to and from their paid parking lots. If that includes going under or over train tracks I don’t think that’s a crazy idea at all. I’m sorry you are from Indiana, you are clearly very bitter about it.