Chicago Cubs owner Tom Ricketts will not be bringing a new USL soccer team to that city, after alderman Brian Hopkins issued an open email declaring his opposition to the planned Lincoln Yards redevelopment project including either a soccer stadium or a proposed series of Live Nation music venues:
“I have informed planning officials at Sterling Bay, the developer of the proposed Lincoln Yards project, that I am not in support of a major sports and entertainment arena within either of their two planned development districts now under consideration,” Hopkins wrote in an email to his constituents this morning. “I have further requested that the identified site of the proposed stadium . . . be repurposed as open and recreational park space.
Developers Sterling Bay later confirmed that it would be removing the stadium and the Live Nation venues from the plan.
The project is set to get at least $800 million in tax increment financing — i.e., kickbacks of future property taxes — which has been outgoing mayor Rahm Emanuel’s favorite subsidy scheme. (Most of it is supposed to be used for “infrastructure” work, but we’ve seen before how that can easily bleed into costs that would normally be private developers’.) The big uproar over Lincoln Yards, though, has been over the soccer stadium that nobody wants, plus all those music venues run by a single corporate entity, right on the doorstep of a bunch of famed independent bars and small clubs that feared they would be driven out of business. Hopkins clearly heard those complaints, and used his power as local alderman to put the brakes on the aspects of the plan that had the most public opposition.
There’s still a long way to go to finalize revamped plans for the development project, and that’s still a hell of a lot of TIF money to be devoting to development that arguably wouldn’t do much to improve Chicago. (There would be some affordable housing, but $800 million worth?) For the purposes of this site, though, there won’t be a stadium involved, so watch your local Chicago listings — the desiccated husk of the Chicago Reader has done excellent reporting on Chicago’s TIFs — for further news of this story as it develops.
And in other news of the week:
- This was actually last week, but I missed it then: Anaheim Mayor Tom Tait has led the city council in voting to conduct a new appraisal of the Angel Stadium property as Los Angeles Angels owner Arte Moreno prepares to opt out of his team’s lease next year. Councilmember Kris Murray, one of the two no votes, argued that this was tantamount to telling the Angels to leave; Tait replied that knowing how much the land was worth would be crucial to any stadium negotiations the incoming mayor will have with Moreno. The Gang of Four is going to miss Tom Tait.
- The owners of the Buffalo Bills and Sabres have hired consultants CAA ICON and architecture firm Populous to “give us options” for renovating or replacing the teams’ existing venues. This is not necessarily the first step toward demanding new buildings, but it’s more of a step than the Pegulas have taken thus far, so certainly bears watching.
- The Tampa Bay Buccaneers have been giving away unused tickets for free to their season ticket holders, to try to fill up the seats at their underattended games. Finally something that Los Angeles Chargers fans can point and laugh at! Both of them!
- The $8.7 million a year that Edmonton was projecting to bring in from parking fees outside the Oilers‘ new arena turns out to be somewhat less: just $2.5 million a year, leaving the city with a roughly $57 million hole in its arena budget. City councillor Jon Dziadyk immediately leaped into action, blaming the reduced parking fees on people not wanting to drive downtown because there are too many bike lanes.
- Hey, remember that minor-league soccer stadium a major Chicago developer wanted to build as part of a major Chicago development, originally pegged to luring Amazon to town but now with a life of its own? Turns out the whole thing would be funded by tax increment financing kickbacks, and would include three to five new concert venues to be run by the entertainment giant Live Nation that local concert venue operators say would drive their non-subsidized clubs out of business. The Chicago Tribune reports that the fledgling Chicago Independent Venue League “already had its new logo, a peregrine falcon wrapped with a snake, printed on black tee-shirts,” which honestly is going to be tough for any soccer team to top.