@zonk84 Interesting theory. But somehow the states you seem to be mocking keep gaining people, jobs, and congressional seats while many high-tax states are losing all three. Yours is a prediction, not evidence.
Chicago made you. Your family is worth $8 billion-plus. The team generates tens of millions of dollars for ownership every single year.
You should never show your face in Chicago again if you do this.
THANK YOU for proving why socialism will never work in America.
People, companies, and teams have choice. States have every incentive to increase their tax base. IL gave up $200M/yr in revenue to save $40M/yr debt servicing on a bond that would have given the infra needed.
It actually SAVES taxpayer money to have the team. Now, IL has to make up $200M in lost revenue, so has to hike taxes elsewhere.
Speaker Welch - Get Your Facts Straight - Indiana will pay their portion of investment in the stadium by taxes collected on ticket, food, and merchandise sales at the site of the Bears stadium. There's no extra taxes on IN residents. They have done this for 40 years with their other stadium deals. Meanwhile, your party, that's been in charge in Chicago for almost 100 years, still hasn't paid their portion of the Bears stadium improvements. You're terrible at managing money- admit it now.
Chicago taxpayers will end up shelling out up to $200M for road reconfigurations around the Obama Center and over $225M in state and federal tax dollars will pay for redesigned roads, stormwater systems, and relocated utilities, you lying hack.