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.
It really is remarkable that the three largest cities in the most powerful country on earth are led by some of the most incompetent people we’ve ever seen
Universities had 17 years of warning. They responded by doing the opposite of what the math demanded.
In 2008, American birth rates fell off a cliff. The Great Recession made people stop having kids. Those never-born children would be turning 18 right now. The number of U.S. high school graduates peaked at roughly 3.9 million in 2025. By 2029, that number drops 15%. By 2041, it drops by nearly half a million students per year.
Every school in this tweet had access to the same Census data. They all saw the same curve.
Administrative positions at U.S. colleges grew 60% between 1993 and 2009, ten times the rate of tenured faculty growth. Non-instructional spending (student services, administration) grew 29% from 2010 to 2018. Instructional spending grew 17%. Average tuition at public four-year schools went from $3,500 in 2000 to $10,560 in 2023. Yale now has more administrators than undergraduate students. 5,460 administrators for fewer than 5,000 undergrads.
They built the cost structure of a growth company on top of a customer base that was mathematically guaranteed to shrink.
The split in this data tells you everything. Clemson, Syracuse, Duke, UNC, and Indiana are all cutting because the model broke. Alabama, Ole Miss, and the University of Florida are turning away more applicants than ever. Harvard gets five applications for every spot. The middle is where the cliff hits. Elite schools absorb demand. Everyone between elite and community college fights over a shrinking pool. The Fed published a study in December 2024 predicting 80 colleges will close in the next five years. Since 2016, over 100 already have. In 2024 alone, 28 shut down. One per week.
These program cuts and layoffs are a decade late. The birth rate data was sitting in Census spreadsheets the entire time. Everyone in higher education administration saw the enrollment cliff coming. They hired more administrators anyway.
When Ken Griffin and Citadel left Chicago:
Total 3-Year Impact: $846M in lost taxes + $2.65B in lost spending = $3.5B economic hit to Illinois/Chicago (not including philanthropy losses).
I am challenging any death penalty opponent — there are millions of them, allegedly — to step up to the plate right now and explain why this guy should not be executed. His guilt is established beyond any doubt whatsoever. His crime is utterly savage and heinous. Tell us why he doesn’t deserve to die. Go ahead.
Skenes has thrown 5,568 pitches at the MLB Level. He’s allowed 23 home runs.
That’s roughly one home run every 250 pitches against the world’s greatest hitters.
If you’re reading this: You would never, could never, never ever, ever ever, hit a home run off Paul Skenes. Ever.
Are you telling me a businessman borrowed against his assets to grow his business?
What kind of lunatic does that when he could just go start a fake daycare and get free Medicaid money?