Sorsby Attorney Jeffrey Kessler: "It is a just result. Brendan gets to devote himself to his team and the education of athletes on the dangers of gambling addiction. He will continue his treatment, miss two games, and there is no injury to the competitive integrity of the NCAA. It is what we proposed and what the NCAA should have accepted had it been true to its promises to prioritize the welfare of athletes."
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.
Real quick @junior_miller@GeorgeDunham The Stars rank 29th in PREMIUM ticket revenue at $257k per game. AI says they pull in $2.5m per game in total receipts…
Let's understand a few things about what's actually about to happen here if Zohran gets his way -- which he almost certainly will, unless courts intervene.
First and foremost, Cea Weaver and DSA 'organizers' will be unleashed with the full institutional and legal support of the city government to ramp up tenant complaints in targeted buildings. No complaint will be too small. No building will be too small. Everything will be treated as catastrophic. Full-scale demagoguery will ensue, complete with protests, rent strikes, street theater, and harassment of property owners.
Accordingly, the city buildings department will be weaponized to begin writing as many violations as possible in order to bolster the city's effort to justify a seizure. It won't matter how small or large the violations are, the total number will be breathlessly cited as evidence of mismanagement. It will be impossible for landlords to clear these violations in good faith.
The combination of a weaponized buildings department writing hundreds of thousands of dollars in fines, rent strikes, and constant threats and harassment against landlords by militant activists will make the situation untenable for any property owner to realistically fight back, and the city will seize the property. The landlord will be lucky to walk away without prison or being beaten to death in the street by an angry mob (as Zohran's buddy Hasan Piker referred to landlords -- 'let the streets run red with their capitalist blood').
But that's only the first half of the plan, and everyone needs to pay very close attention to the big picture here, because it's hugely important and has national implications.
The properties will then be turned over to nonprofits. This is no small detail. This is in fact the whole point.
The idea here is to build up Zohran's DSA-connected nonprofits with a multbillion-dollar portfolio of hard assets -- New York City real estate. This portfolio could theoretically reach into the hundreds of billions or even the trillions, depending on how aggressive they get.
Now these highly political nonprofits would become the new land barons of New York, complete with all the political clout, leverage, and reach that goes along with it. It would be a true nightmare scenario.
As it stands now, the nonprofits depend mostly on the largesse of grants, donations, and other third-party resources to stay afloat. They are lavishly funded of course, and many do hold significant assets, but it would all pale in comparison to simply handing them the keys to a New York City real estate empire, courtesy of Zohran Mamdani and the DSA.
The resources at their disposal would be immense. The organizing potential that goes along with those resources will have national implications. Every DSA candidate in every town and city in the country would be trained, funded, and staffed by organizers with ties to the NYC nonprofit empire backed by a trillion dollars in free real estate. And they would be shameless in leveraging those resources for pure political power.
That's the game plan here. That's the whole ball of wax.
Zohran isn't interested in making housing better for anyone. If he was, we'd be talking seriously about solving the NYCHA disaster.
Hell, if he was even remotely sincere about seizing these properties from 'bad landlords' for the 'public good' he'd be focused on turning them over to the city itself, as misguided as that would be.
No, this is about nothing more than consolidating political power for the DSA. Just like everything else these people do. Giving the DSA a massive war chest backed by seized real estate.
Once you understand that they have no interest in fixing anything other than elections, it all makes a lot more sense.