@GrittyTigshz@Zombieshoot@yubidad@Houseofyogi Organic growth will always occur to some extent regardless, counting that against the numbers of a stadium is ridiculous and holds no merit
@GrittyTigshz@Zombieshoot@yubidad@Houseofyogi Don’t even need to read the article, I’ve seen enough trying to refute the economic impact as though investment would have been made elsewhere. It wouldn’t have.
The ONLY reason the economic development occurs is the stadium, otherwise business wouldn’t have come in. Period
@GrittyTigshz@Zombieshoot@yubidad@Houseofyogi Acrisure stadium (former Heinz field) generated $3.4B in economy gains in 4 years after being built. $2B in sale tax in 6 years. 8,000 new jobs created
Respectfully, you have no idea what you’re talking about
@GrittyTigshz@Zombieshoot@yubidad@Houseofyogi That area isn’t highly developed commercially at all. It absolutely will be now
They’ll collect property taxes and sales tax on all of that for decades. Not to mention 100s of concerts and events that they’ll get all of the revenues from, mostly from people in Illinois
@mysports1@KYGolfHoles@BretBielema Do you think those games were scheduled last season? Or anytime in the last few years?
Might wanna do some research on that
@GrittyTigshz@Zombieshoot@yubidad@Houseofyogi I was referring to Arlington heights. Developers build the buildings, not the state
In the case of Hammond, Indiana, the state will own the stadium and surrounding land as part of the $2B investment package for the Bears to come to Indiana, so again, you’re incorrect
@GrittyTigshz@Zombieshoot@yubidad@Houseofyogi So nobody is employed? Nobody receives insurance or healthcare coverage?
If it if does mostly benefit the wealthy, it’s tax dollars for the state. That’s the return on investment
@GrittyTigshz@Zombieshoot@yubidad@Houseofyogi It isn’t shifting anything except the stadium, it’s brand new business on an empty plot of land that currently produces nothing economically. It’s literally brand new tax revenue from billions of dollars in commerce
@GrittyTigshz@Zombieshoot@yubidad@Houseofyogi What a bunch of made up drivel
If you want to pretend economic impact is nil, tax revenue is concrete. Not just the team, the events, restaurants, retail surrounding. Bears alone north of $60M/year, triple it for total impact
All for an $800M investment into infrastructure
@nodie1982@wayward2421@Houseofyogi The state was never funding any part of the stadium, but they would have profited from it until you died and beyond
Instead, they chose zero tax revenue because Pritzker was bitter
@DigglerIcey1@Herb_K1rkstreet@LangmanVince No, they’re letting 100s of millions in tax revenue leave the state
Nothing new for Illinois, in the last 20 yrs they’ve pushed out nearly $100 billion in revenue from corporations leaving to go places like Indiana
Economic malpractice is Illinois politic’s bread and butter
@SSchmitt95143@JohnRscrimshaw@Herb_K1rkstreet@LangmanVince No they haven’t
If you look strictly at the tax revenue from the stadiums, sure, but the economic impact surrounding the stadiums is where the money is
Don’t believe the nonsense articles that say otherwise. 100s of millions in tax revenue yearly. Great ROI
@NewsCrowApp@planterspunch7@JettPlain9@LangmanVince All things ever state provides for every business that’s coming in
Illinois government is just bitter about them leaving their cash cow contract at soldier field so they won’t pay ball in Arlington heights
@EternalKugazi@hudson_shull@PCHate_ And a bomb earlier in the game. 3 homers in his last 5.
Not to mention leads the league in defensive WAR and top 5 in runs saved
“Ended his career” 🤣🤣
@tbe123123@cyberbilly2@mikedeportes The payday loan financiers are also taking a major risk loaning to the type of people that want payday loans
“They need to capitalize on the few that do pay back their loans”
Although I agree that they aren’t the same thing, It’s not as different as you seem to think