Indiana, Illinois still jockeying to throw billions of dollars at Bears stadium

If last Friday’s announcement that the Chicago Bears were “advancing” a stadium project in Hammond, Indiana was meant to end debate about where the team’s new home will be, it’s not working. If it was meant to stir up debate, by reigniting the bidding war that fizzled when the Illinois legislature declined to pass a big tax subsidy bill, it’s going gangbusters.

Among this week’s developments:

  • Hammond Mayor Tom McDermott said Bears execs are still looking at multiple sites in Hammond, including the site of the current Lost Marsh Golf Course.
  • Porter County Commissioner Jim Biggs said Indiana’s plan to raise food and beverage and hotel taxes in his county, which does not include Hammond, would face a tough road to approval by the county commission: “To collect millions of dollars here and send it across county lines for something like a sports stadium … why would we do that? We have our own problems to deal with.” In Lake County, meanwhile, which does include Hammond, the president of the county council — yes, there’s a council and a commission for each Indiana county, go look at the org charts if you dare — said while he’s in favor of raising taxes to fund the Bears, it likely won’t happen much before the June 2027 deadline set by the state authorizing legislation. (Combined the hotel and food/beverage tax hikes would generate about $20 million a year, which would be enough to pay off about $300 million worth of stadium costs.)
  • Illinois State Rep. Dan Ugaste announced plans to introduce a new bill to provide property tax breaks and sales-tax-backed bonds for “megaprojects” costing over $500 million — just like the rejected bill did, so it’s unclear why he thinks this one has a better shot at passage. [CORRECTION: The original bill included any project over $100 million, so maybe that’s what Ugaste thinks will make the difference here; though the project size threshold wasn’t one of the things that torpedoed the last bill, so maybe not.]
  • Illinois Gov JB Pritzker said he would consider calling a special session of the legislature to pass a Bears stadium bill, saying, “The Bears would like to see something happen, and we all do too.”

So the Indiana stadium plans still don’t have final legislative approval or an agreed-on site, while in Illinois … pretty much the same. (Indiana did pass a state bill in February, but it left a lot of the funding details as TBD.) I was interviewed on Illinois radio station WMBD yesterday, and the last question when we were running out of time was “Where do you think the Bears will end up?” I answered, “I’m not placing bets on anything, because this is honestly still very early in the whole process,” and I’m going to stick with that: It looks clearer than ever like the Bears owners are still in the tire-kicking phase of this stadium shakedown, and there are likely many more twists and turns to come.

Meanwhile, Greg Hinz of Crain’s Chicago Business claims that the Bears moving to Indiana could be good news for White Sox owner Jerry Reinsdorf, since it would free up existing hotel tax money that Chicago Mayor Brandon Johnson wants to use for a new lakefront Bears stadium. Yes, “freeing up” money that is being targeted for a project nobody except the mayor wants to build is a kind of nebulous concept, and yes, Hinz is the same guy who previously gave Reinsdorf tons of runway to argue for public money for a new White Sox stadium. Still, it’s a reminder that any time an elected official mentions a potential pot of taxpayer funds, local business leaders will smell blood in the water and come running with their hands out.

(And yes, I know that sharks can’t run and don’t have hands. It’s been a hectic week, allow me my mixed metaphors.)

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Bears announce they’re moving to Indiana, unless they don’t

Friday news dumps may not work anymore in their original purpose of hiding bad news, but they can still be useful when someone wants to influence the social media discourse without risk of anyone in an official capacity picking up the phone until three days later. That looks to be what just happened with the Chicago Bears, whose execs announced on Friday that, in the wake of Illinois not passing tax subsidies for a stadium there, they plan to “advance our stadium development project in Hammond,” Indiana. “Advance” meaning what exactly? Sorry, our offices are closed now, please call back during business hours!

Even the NFL, though, immediately made clear that just because the Bears owners say they’re moving to Indiana doesn’t mean they’re moving to Indiana:

A league source cautioned the announcement didn’t eliminate Arlington Heights as an option, were the state to find a way to give the Bears property tax certainty on the 326-acre plot they own. In fact, the source said, there was “still a lot of ballgame left to play” for Illinois lawmakers. It’s unclear whether waiting until the Senate and House reconvene this fall would be too late for the Bears, though.

And if that’s not enough, here’s consummate NFL insider Mike Florio of NBC Sports:

Of course it’s a leverage play. If it wasn’t, a deal would already be done to build in Hammond.

Instead, the Bears keep talking to Illinois even as they supposedly focus on Indiana.

It makes sense for the Bears to try to persuade members of the media that Indiana isn’t a leverage play. (It doesn’t make sense for members of the media to swallow the hook, unless it’s a part of a broader quid pro quo for scoops and/or access.) For a leverage play to be effective, it has to be viewed as real. If it’s not viewed as real, the leverage won’t move the needle in Illinois.

Florio goes on like that for a while, talking about how a bluff only works if you don’t admit it’s a bluff, which, yes, we know.

The Indiana legislature has approved the outlines of a stadium deal that could provide billions of dollars in state subsidies, but there are lot of details left to be filled in, including: how big the omni-TIF tax diversion district within which property, sales, income and other taxes would be siphoned off for the Bears; whether a stadium would be built on a Hammond site described as being atop a “giant slag heap” or elsewhere; and whether Lake and Porter counties will vote to increase food and beverage taxes (by 1 percentage point) and hotel taxes (by 5 percentage points) to help fund the plan, which they would have to do by the end of June 2027. Both counties are holding elections this fall, so who takes office then could end up influencing how any potential stadium deal plays out.

That is, if the Bears owners even want to move to Indiana, which they don’t have to definitively decide for a while yet. Please tattoo this on your arms, state legislators of the nation: Stadium deadlines are for suckers.

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Friday roundup: Manfred’s funny Rays poll numbers, Chiefs sales tax fight, MLS wants even more Big O money

You probably noticed, but it’s Friday! Which brings us, with no further ado, to the rest of the week’s news:

  • MLB commissioner Rob Manfred has said that he’s “hopeful” that a Tampa Bay Rays stadium in Tampa will win final approval, given that “we think the polling runs about 60-40 in favor of the stadium.” Actual polling shows that residents would like a new stadium in the abstract by a 58-29% margin, but oppose the Rays’ funding scheme by 59-34%; congrats to Manfred, I guess, on figuring out how to dispense with the actual asking-people-questions business and pioneer vibe polling.
  • Meanwhile, the Tampa Sports Authority has issued a letter saying the Buccaneers should get first dibs over the Rays on any available public stadium money, which isn’t going to make any easier the already difficult road to approval of the couple billion dollars in stadium subsidies Rays owner Patrick Zalupski is seeking from the city, county, and state.
  • People in Wyandotte County is worried that the state of Kansas may try to bigfoot it into expanding its STAR district to redirect more county sales taxes to a Chiefs stadium; in other news, Wyandotte County included a poison pill in the STAR district legislation that if the state tries to expand it, the county automatically rescinds it. It looks like at the very least the county would have to go back and revote on a larger tax district, at which point hopefully residents would re-up their concerns like whether siphoning off more county sales taxes could force the county to, say, raise property taxes to make up for any resulting budget gap.
  • The province of Quebec is already spending $870 million (Canadian) to put a new roof on Montreal’s Olympic Stadium because it’s too big to tear down, but MLS commissioner Don Garber wants even more public money to make it a “best-in-class experience” for CF Montréal. The MLS team mostly doesn’t play at the Big O — it occupies the 18-year-old open-air Stade Saputo for all but big matches like the home opener and playoff games — but may need to more once MLS switches to a fall-to-spring schedule next year, plus Garber says the smaller stadium is “an MLS 1.0 stadium” and the team needs “an MLS 3.0 stadium.” Why any of this is Quebec’s problem to solve, Garber didn’t say, beyond insisting that CF Montréal’s owners are committed to staying in town but need to “have a best-in-class facility to be able to drive revenue,” hint hint.
  • Records obtained by Crain’s Chicago Business show that Bears attorneys called or met six times with their city counterparts in April, even as team officials insisted that remaining in Chicago was off the table by then. The team says these calls were all about their current lease at Soldier Field; a city source told Crain’s their lawyers wouldn’t have taken six calls on that. This all matters because Chicago Mayor Brandon Johnson is still holding out hope for keeping the Bears in Chicago while team execs insist they won’t consider it — if nothing else, it’s going to make for an even more complicated decision by team owner George McCaskey in coming weeks about whether to pull the trigger on a move to Indiana or keep pushing for public funding for a stadium somewhere in Illinois.
  • The start of the men’s World Cup is only a week away, and already fans are excited to maybe have to cross a picket line if they want to go to games or at least dodge flaming naked mannequins and certainly not be allowed to bring in water bottles during the peak of North American summer! It’s not great! At least a member of the L.A. Host Committee has described the deal U.S. cities got from FIFA as a “very tough, one-sided agreement,” and … oh, he means one-sided that way. Welp.
  • “Portland’s own study said the Moda Center needed $500M in repairs — so why are the Trail Blazers asking for more?” asks the Oregonian, and the answer appears to be that the $500 million figure was just to “maintain the building in its current configuration in good working order,” while $600 million is to conduct a “transformative renovation” that can “support the power, technology, and production demands of tomorrow’s largest concerts and events.” In exchange for which, Blazers owner Tom Dundon has agreed to extend his lease on the newly transformed arena by … oh, he hasn’t said how long, or agreed to a new lease yet at all? Welp.
  • And if even after all those bullet points you still want more stadium content for your weekend, I was interviewed this week by Heartland Labor Forum’s podcast about the Kansas City Royals stadium plans, check it out here.
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The Bears are right back where they started, and is that really so bad?

The Chicago Bears stadium bill saga is all over (for now) but the shouting, and there is So. Much. Shouting. Take your pick of the takes: Illinois legislators are to blame for fumbling the ball into the Bears’ hands. The Bears leadership is to blame for toying with Chicago’s affections. It takes a big pony to pull a big wagon. Collect ’em all!

Or you can stick with the one take that matters:

People seem to be forgetting that the Bears can just continue to play in Soldier Field for as long as the team wants.

J.C. Bradbury (@jcbradbury.com) 2026-06-02T00:56:36.235Z

Yuppppp. Arguing whether the failure of the legislature to pass subsidies for the Bears was a sign of an inept government or inept team management is missing the point: This was a crisis entirely of team ownership’s own making. It was Bears CEO Kevin Warren who set an end-of-May deadline — while simultaneously saying “we don’t have a set deadline” — in hopes that the threat of the team moving to Indiana would shake loose a couple billion dollars in tax breaks and transit upgrades. And if team execs now don’t like the choice of either Arlington Heights (stripped of the assurance of tax dollars) or Hammond, they can always just go back to what they’ve been doing the last few years and wait things out while playing in the stadium Chicago taxpayers paid to rebuild for them 23 years ago; they can even decide to stay there permanently, if the prospect of paying their tax bill in Arlington Heights is too pricey, and of moving to Indiana is too Indiana-y. (It’s happened before!) This wasn’t a fumble; it was an attempt at a cash grab, one that didn’t pay off, and now Bears owner George McCaskey needs to decide what cards to play next, as sports owners always do.

Of course, not everyone was apportioning blame; some were doling out credit, to themselves, as in the statement by Illinois Gov. JB Pritzker:

“The reality is that I wasn’t willing to give up billions of dollars of taxpayer money in order to give it to a billionaire-owned family, or team, and believe very much that the incentives that we provide for businesses are to be similar to the incentives we provide to this type of business,” Pritzker said at his Capitol office, after a marathon overnight conclusion to the session.

“As much of an emotional connection as many of us have to the Bears, and to keeping them in the city of Chicago and the state of Illinois, [the] No. 1 principle is we’re not going to foist this on the taxpayers of the state of Illinois,” Pritzker said.

That’s all very inspiring, or would be if not for the fact that Pritzker very much did try to foist billions of dollars of taxpayer money on a billionaire-owned team — plus billions more for other billionaire developers. I suppose it’s a sort of principle of treating all businesses the same, so long as you don’t count businesses that can’t afford to build $100 million–plus developments? Everybody loves a level playing field, so long as some fields are more level than others.

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Illinois legislature adjourns without passing Bears bill, team to “finalize evaluation” of Arlington Heights, Hammond by summer

The clock ran out on the Illinois state legislative session last night at midnight, but the decision on whether to pass legislation for a Chicago Bears stadium remained alive until this morning, when the Illinois house finally stuck a fork in it by adjourning without a vote. After the collapse of the team’s preferred megaprojects tax break bill over the weekend (Chicago Daily Herald: “Bears property tax break bill sacked“), state senators had worked frantically to issue a new bill (Capitol News Illinois: “Hail Mary effort to keep Bears in Illinois”), which cleared the senate at nearly 4 am (Chicago Tribune: “Illinois Senate in overtime passes last-ditch public stadium legislation”) and headed to the state house, which decided to take its ball and go home.

Setting aside sports metaphors equating passing stadium subsidies with scoring a touchdown — please, please stop doing that, people — what the hell actually happened this weekend, and where do things stand now with the Bears and their possible future homes? Let’s recap:

  • Late Saturday, after discussion of limiting legislation to only applying to the Bears to avoid handing tax breaks to billions of dollars of other projects, State Sen. Bill Cunningham declared the megaprojects bills dead, saying too many senate Democrats were opposed to the state subsidizing any Bears move out of Chicago to suburban Arlington Heights. Still, Cunningham said, he hoped to offer the Bears something by submitting legislation on Sunday that would put Chicago and Arlington Heights “on an equal plane.”
  • On Sunday night at 11 pm, Cunningham introduced a bill to allow any municipality in Cook County with more than 70,000 residents to create a sports authority to own new stadiums. This would enable the Bears to get out of paying any property taxes on a stadium — though the bill specified that they would pay property taxes on any surrounding team-owned stadium district.
  • Nearly four hours after the midnight deadline for a bill, the senate voted 37-17 to approve Cunningham’s sports authorities bill. Rather than fake an 11:59 pm time stamp as the Illinois legislature did for a White Sox stadium bill in 1988, this time the legislature used a different end run trick play gambit, evading a rule that bills passed after the session ends need a supermajority vote by putting no effective date on the bill, allowing it to go into effect next June, which would nullify the increased vote requirement.
  • The bill then headed to the state house, which at 4:30 am adjourned without taking action on the sports authority bill.

While it’s kind of moot now, it’s worth taking a quick look at what Cunningham’s bill would have cost relative to previous proposals. Under a sports authority plan, Bears owner George McCaskey would have gotten a bigger tax break for a stadium owned by a sports authority, paying no taxes at all rather than a negotiated payments in lieu of taxes rate. Instead of saving an estimated $39 million a year, he would have saved an estimated $53 million a year, pushing the total present value of the stadium tax break from around $670 million to around $900 million. Making the surrounding property taxable, though, would have prevented McCaskey from getting more than a billion dollars in additional tax breaks for the rest of his planned development.

However, in a series of posts late last night, Center Square sports subsidy reporter Jon Styf noted that even though Cunningham said the Bears would pay for stadium construction, his bill would have allowed a stadium authority to sell bonds to pay for stadium infrastructure — and potentially pay it off by siphoning off sales tax revenues from a stadium district. It’s hard to guess how much this would have added to the total public cost, but it could have been hefty indeed if a stadium district were large enough.

Meanwhile, none of this would have actually authorized a stadium — it would just have authorized Arlington Heights, or Chicago, or Cicero or Schaumburg or Evanston, to create sports authorities to grant McCaskey his get-out-of-property-taxes-free card (and potential infrastructure bonds). With Chicago Mayor Brandon Johnson having been vocal about wanting to offer team ownership a new stadium on the Chicago lakefront, it could easily have led to Chicago and Arlington Heights going toe to toe to win McCaskey’s heart, which could have gotten pricey for taxpayers.

None of that is happening now, though, at least not unless Bears execs decide to put off a stadium decision in hopes of a potential special session of the legislature later this summer. The team issued a brief statement this morning reading, “We will finalize our evaluation of both Arlington Heights and Hammond, and remain on the late spring/early summer timeline that we have previously communicated,” which manages to be a threat to move to Indiana without actually closing the door on Illinois, well played. Until we hear back from them, add the Bears mess to the Tampa Bay Rays mess as situations where we won’t know the final score (dammit!) for a while yet.

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Friday roundup: Rays stadium could get vote in July maybe, Sacramento offers $1B in tax money for MLB expansion team

Lots of state legislative sessions are wrapping up this week, but it’s been oddly quiet around actual stadium news, leaving room for lots of spin doctoring and other questionable takes:

  • Turns out today’s conclusion of the Florida legislature’s special budget session won’t be a deadline for a Tampa Bay Rays stadium deal, as everything appears to be getting pushed off to even specialer sessions. Gov. Ron DeSantis said Wednesday that though there’s only $50 million in the state budget for relocating Hillsborough College buildings to make way for a stadium district on what’s now its Dale Mabry campus, there could be more state money later sometime: “We can do more on the infrastructure,” said the governor, adding, “I think maybe over time you would do more to spruce up the campus because I think it could be something meaningful. And I’m happy to support it.” (Ed. note: Yes, DeSantis leaves office in January. Yes, presumably he knows this.) Hillsborough County Commission chair Ken Hagan, meanwhile, said his “goal” is to hold county and city votes on a binding deal by a scheduled July 15 board meeting, “or maybe have to call a special meeting right around there,” which gives him around seven weeks to flip one of the four “no” votes on the Tampa city council. Rays owner Patrick Zalupski has remained silent on the current stadium stalemate, but DeSantis stepped in to levy a threat on his behalf, declaring: “Maybe if they don’t want to do it, I know Orlando’s ready, willing and able. I think you have Raleigh-Durham, Nashville, and those are great cities, but I’d hate to see us fumble a team and have it end up in some of those other areas.” Now that’s what friends and/or campaign donation recipients are for!
  • Sacramento Mayor Kevin McCarty and West Sacramento Mayor Martha Guerrero say they want an MLB expansion team once the Athletics leave town for Las Vegas, and West Sacramento is set to provide $1 billion in money for a new stadium from property tax kickbacks, hotel taxes, and “additional sources.” The city could spend $1 billion and it “would not impact the City’s general fund or require a taxpayer vote,” explained a joint press release, because it would “be generated solely by activity in the ballpark district,” citing a figure that over 40 years, a ballpark district “is projected to lead to $1.77 billion in new tax revenue.” Citation extremely needed, but also even $1.77 billion over 40 years wouldn’t be enough to pay for $1 billion in stadium costs up front, why can’t our elected leaders math?
  • Portland Trail Blazers owner Tom Dundon will “do everything in his power” to move the team if he doesn’t get the full $600 million in public arena renovation money he wants, according to (checks notes) a sports talk radio host who runs public relations and crisis counseling firms. And other NBA owners would allow it, he claims, because “if he does relocate, there’s a relocation fee attached to that.” No, don’t ask why Dundon would readily agree to forgo the $365 million already approved by the state of Oregon and also pay an expansion fee to move someplace that isn’t offering a newer arena even after saying he has no intention of moving the team, PR isn’t about answering your questions.
  • Nothing new on the Chicago Bears stadium bill as of this morning, but bettors have Arlington Heights, Illinois a 58-40% favorite over Hammond, Indiana to be the team’s new home, for whatever that’s worth. (Very possibly nothing.)
  • The Seattle Seahawks are for sale, which means it’s time to ask if a new owner will want a new stadium, apparently. Answer (courtesy of me as quoted in the Puget Sound Business Journal): A new Seahawks owner would be dumb to pay to build one themselves when they have a perfectly good old one, but “if somebody else is going to buy you a new car, you’re not going to say no.”
  • Nashville officials say spending $60 million on hosting the Super Bowl after spending $1.2 billion to build a new Tennessee Titans stadium so it could host the Super Bowl will pay off; economists say LOL, just like always.
  • The Oakland Arena, abandoned by the Golden State Warriors, is doing so well hosting music now that it doesn’t have to work around the NBA schedule that it’s drawing bigger concerts than its newer rival in San Francisco. Just in time for private equity to buy it and presumably ruin it.
  • Spending $600 million to help move the Cleveland Browns from one part of the state to another was a pretty bold move by Ohio, but saying it was giving the state’s data centers $136 million in tax breaks in 2025 alone and having it turn out to actually be $1.6 billion in tax breaks is even more impressive, way to go, Ohio.
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What the hell is up with the Bears stadium bill? (updating, maybe)

With four days left before the end of the Illinois legislative session, Crain’s Chicago Business reports (citing no specific sources) that state senators are “considering dramatically scaling back a sweeping megaproject incentive bill” to cut out everything except tax breaks for a Bears stadium in Arlington Heights. The idea here is to avoid debate on allowing property tax cuts for any development project over $100 million, something that could cost the state billions of dollars — plus expanded sales tax kickbacks and funneling some of the remaining payments in lieu of property taxes to broad property tax relief — and instead just carve out a single-use subsidy that would still cost the state billions of dollars, but fewer billions.

One problem is that a bunch of that stuff was added to the bill by the state house because legislators there didn’t want to be seen as just opening the state’s wallet for the Bears — though adding more goodies for other developers and handing out a few dollars apiece in tax rebates for all property owners would only make the bill more costly and could ultimately force more tax hikes elsewhere. (Interestingly, Crain’s notes that the Bears owners themselves opposed the tax relief provision, because it “would incentivize local taxing authorities to push for a higher annual payment” by the team in order to have something to dole out to homeowners.) A Bears-only bill “is more viable in the Senate than the House,” says Crain’s (citing “sources familiar with the talks”), leaving the possibility that the senate could revise the bill to gain passage there, but couldn’t win the support of the house in reconciliation talks.

Meanwhile, the bill’s chief house sponsor, Kam Buckner, lashed out at Cook County treasurer Maria Pappas’s office for its analysis of the megaprojects bill, calling it “field-of-dreams budgeting” and “fantasy accounting” because “you can’t count full tax revenue from a project that doesn’t exist. … The real choice is not ‘full taxes versus reduced taxes.’ The real choice is a negotiated payment on a real project, or full taxes on an empty lot. Nothing from nothing leaves nothing.”

This is a common argument for development subsidies — there’s nothing there now, so getting any taxes at all from the site is better than nothing — but it overlooks two massive issues. The first is that developments come not only with benefits but with costs — roads for its occupants to drive on, police and fire services to protect it, schools for its residents’ kids to go to — and that’s precisely what property taxes are meant to cover. If you allow a developer to erect a bunch of buildings and not pay for the associated costs, somebody else has to cover those, which means either increased taxes for other residents (bye-bye, tax relief) or cuts to other services.

The second issue is opportunity cost: One advantage of a vacant lot is you can still build something on it, whereas a developed site is as developed as it’s ever going to get. As the treasurer’s report noted, there are plenty of non-subsidized projects like shopping malls that generate economic activity while still paying their taxes, and every time you use up another lot on a tax-limited project, that’s one you can’t use on one that’ll pay its full weight. Buckner should know this: He represents a district in Chicago, which in the first decade of this century became the poster child for carving up its tax base into Swiss cheese to promote development, leaving gaping budget holes as a result.

And that’s where things stand right now, on Thursday morning. Though Capitol News Illinois editor Jerry Nowicki just chimed in with a video interview where he said his reporters talked to Gov. JB Pritzker and he “seemed optimistic” about passage of a bill, for whatever that’s worth. There’s also still the question of whether the Illinois legislature will provide $855 million in infrastructure funding, mostly for transit upgrades, before team execs have provided a traffic plan explaining why they need $855 million, something senate bill sponsor Bill Cunningham has said is unacceptable. I’ll update this post later today on the off chance we get any more clarity on what’s going on in Springfield; stay tuned, but don’t get your hopes up.

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Bucs want $667m in renovation money from Tampa, could set up battle with Rays for tax dollars

Into the simmering Tampa Bay Rays stadium controversy, the Buccaneers owners the Glazer family have flung a significant bomb, telling the Tampa Sports Authority they want a $1 billion renovation of their stadium (original cost: $168.5 million in 1998), with the public covering two-thirds of the price. And sports authority members are already questioning whether Tampa should be dedicating a couple billion dollars to a Rays development when the Bucs are next in line:

“I think most of us have talked to the Buccaneers at this point, and we’re going to be writing a very large check in the very near future for Raymond James Stadium,” board member Tony Muniz said at a meeting Tuesday. “And that’s our priority. We have to always remember that. I think that we need to take care of Raymond James before we go out and try to convince the Rays to stay in Tampa Bay.” …

“When you calculate what we’re talking about for the Rays, what’s left after that for the Bucs? That’s the big question,” said board member Luciano Prida.

While Bucs execs aren’t commenting, two sports authority officials — the Tampa Bay Times didn’t name them — said that the team owners are targeting a $1 billion renovation, with half that money used to pay for a sun canopy over the open grandstand. (Yes, half a billion dollars for a sun shield that doesn’t even move or cover the entire field seems like a lot. At bulk pricing, the Bucs could afford to include a sombrero with every ticket for 190 years for that amount.) The sports authority officials didn’t provide details on how the public’s two-thirds share would be funded, only that Bucs officials want a decision before agreeing to extend their lease by five years, a decision they contractually need to make by January. (Yes, $667 million for a five-year lease extension seems like a lot. At $133 million a year, it would obliterate the Carolina Panthers$43 million per year record for priciest per-year lease extension in sports history.)

Sports authority president Eric Hart — who said yesterday of the Bucs lease talks, “I think our goal would be to not have them relocate,” which maybe is not the best negotiating strategy for saving yourself money [EDIT: It’s since been pointed out that Hart may have been referring to a temporary location during renovations, which is a more reasonable point] — had already hinted in April that the Glazers would be looking to get stadium renovation money in the hundreds of millions of dollars, but this is the first time a number has been put on the request. The sports authority is funded by both the city and county, so authority members are right to wonder if a ginormous Rays subsidy would leave anything left over for the Bucs; though given that one of the revenue sources they’re looking at is the Community Investment Tax that voters were told wouldn’t be used for stadiums, maybe they’re getting a little ahead of themselves regardless.

The next shoe to drop could come this Friday, when the Florida legislature is set to vote on a state budget that currently includes $50 million for prep work for the Rays project, but which state senate appropriations chair Ed Hooper has vowed to block if the city and county don’t provide first more certainty about their commitment to fund the stadium district. This staring contest may go down to the wire, don’t miss a minute of the edge-of-your-seat excitement!

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How many billions of tax dollars would a Bears megaproject bill cost Illinois? The Cook County treasurer investimagates

The Cook County treasurer’s office released a report this morning on the fiscal impact of the proposed “megaprojects” tax break bill that Chicago Bears execs are pushing for, and concluding: “The benefits for the Bears and other megaproject developers are clear, while the benefits for Illinois residents are murky.” there are a bunch of interesting tidbits in it:

  • As reported previously, the bill would be for far more than just a Bears project in Arlington Heights, with any development costing $100 million or more potentially being eligible to negotiate lower property tax payments as a condition of construction. (Technically property tax payments would be frozen at pre-construction levels; the developer would then negotiate an agreement with local government on how much extra to pay in payments in lieu of taxes, with the total being less than what they would have paid without the megaproject designation.) This could include a potential new White Sox stadium, as well as numerous other non-sports projects: The Chicago planning department, notes the report, “lists at least five projects with price tags of more than $100 million that were under construction in 2025 alone” just in Chicago’s Loop and Near West Side.
  • The bill would also expand the use of Sales Tax and Revenue (STAR) bonds, kicking back sales taxes to pay for developments as well. “The bill is about far more than just PILOT,” treasurer’s office research director Hal Dardick told the Chicago Tribune. “It’s about creating a sales tax increment and a hotel tax increment to fund borrowing by these developers — they can get breaks on top of breaks.”
  • Part of the PILOT payment would be sliced off to fund property tax relief, something that it was previously estimated would only provide about $1.29 per homeowner on average. If the money were instead targeted to just Arlington Heights, though, it could provide a tax break of about $280 per year — 3.3% of the village’s average tax bill — while the rest of Cook County homeowners got bupkis. Meanwhile, making Swiss cheese out of the state’s property tax base via tax breaks for developers would undercut the ability of local governments to reduce property tax rates more broadly.
  • The legislation would allow a 9% amusement tax surcharge on megaprojects funded with STAR bonds — but not on a Bears stadium, which would be exempt. (If a Bears stadium even used STAR bonds, which is as yet unclear.)
  • University of Colorado Denver property tax expert Geoffrey Propheter says the tax break on a Bears stadium alone would be about $39 million a year, or more than $1.5 billion over 40 years, a present value of just under $700 million in forgone property taxes. That’s less than the $2 billion figure Propheter previously estimated, but only because, as Propheter confirms by email, the earlier figure included forgone property tax revenues on the entire project, not just the stadium. (The report doesn’t estimate a figure for total tax losses from beyond that it could be in the “billions,” which seems pretty obvious if the Bears project alone could be $2 billion.)
  • “Should the Illinois bill become law, one key question will remain: would the amount of property taxes the team and any other megaproject developers end up paying be enough to cover the increased costs of education and other local services made necessary by their projects?” Good question!
  • There are plenty of other development projects that have more economic impact than an NFL stadium and which pay their full share of taxes: For example, “Old Orchard Mall in Skokie draws 13 million customers annually, generates more than $50
    million in state and local sales tax revenue – compared with $27 million projected by the Bears for the team’s development – and employs 2,500 people at a location that is open 363 days per year.” Building subsidized projects means the same land is no longer available for unsubsidized ones that, while potentially less sexy than football, could be just as good for the local economy.
  • Even if the Bears might move to Hammond, Indiana without the megaprojects tax subsidy, that might not be so bad: Hammond is actually closer to Chicago than Arlington Heights, so the likelihood of Bears fans still spending money on food and hotels in Chicago means  “a stadium in Hammond would still produce economic benefits for Chicago and the state of Illinois — with Indiana taxpayers picking up the $1 billion tab to subsidize the development.”

That’s a whole lot of known unknowns and unknown unknowns, but the upshot is still: Allowing all big development projects to negotiate their own property tax bills, and allowing more of them to siphon off sales taxes as well, could come at an enormous cost to city, county, and Illinois state treasuries. Add in the $855 million in infrastructure money that the Bears still want as well — despite not yet spelling out exactly what they want to use it for — and the six days left for the Illinois legislature to get any of this done in addition to a state budget, and it’s maybe no surprise that Gov. JB Pritzker was left on Friday trying to assure everyone that the Arlington Heights stadium isn’t dead just yet:

“I’ve seen miracles happen every year. Every single year,” Pritzker said after an unrelated event in Joliet when asked about his assessment of the legislature passing a last-minute bill to incentivize the Bears in the state. “I feel confident that there will be a bill that gets brought up in the Senate, and then hopefully they’ll pass it and send it over to the House, and that bill will be about whether or not we’re keeping them in the state of Illinois or letting them go to Indiana.” …

Pritzker on Friday said he hasn’t personally lobbied members of the Chicago legislative delegation on the latest stadium issue.

“This week, I’m not like calling them into my office and talking to each one of them. We have a lot of things on our plate, as you might know, to get done this week,” Pritzker said.

Is that code for “We’ve talked behind the scenes and I know this will get done” or for “Oh well, I can say I tried, it’s Indiana’s funeral if they want to send a pile of moneybags to the Bears”? We’ll know by Friday, maybe.

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Friday roundup: Rays stadium gets a yes vote that’s actually a no, Bears tax break talks get weird

If any of you were wondering what happened to this year’s sports economics conference at University of Maryland Baltimore County, it moved from April to June, so it hasn’t happened yet. I just booked my trip, so FoS readers can expect a liveblog on the day of stadium-related papers, at least. And if you’ll be at the conference on Tuesday, June 9, please find me and say hi.

Before June we still need to get through May, which remains jam-packed with the exciting denouement to several team owners’ push for stadium and arena deals this legislative session, while (some) legislators resist demands for ever-higher public subsidies. How that’s currently going:

  • The Tampa city council followed in the steps of the Hillsborough County commission, voting 4-3 yesterday to approve the Tampa Bay Rays‘ nonbinding MOU for a Tampa stadium project. All eyes, though, are on the swing vote that secured passage, Bill Carlson, who said he’s only for it before being against it: Carlson said he voted yes on the MOU to “help the Rays get the state money” but would “definitely vote no” on a binding MOU because “I don’t believe in private sector subsidies.” Given that state legislators have said they’ll only approve state money for the Rays if the city and county are committed to their share of spending, Carlson may yet regret saying the quiet part loud here — it’ll be very interesting to see what happens when the legislature next takes up the state funding bill, which needs to happen in the next week as Florida wraps up its special budget session.
  • The Chicago Bears stadium tussle took a weird turn this week, as Chicago Mayor Brandon Johnson pitched a plan to keep the team in the city by giving Chicago more control over the Illinois Sports Facilities Authority, which Gov. JB Pritzker (pretty reasonably) declared to be “no plan at all.” Johnson then declared that city lawyers had met with Bears officials about a possible new lakefront stadium, which led the Bears to issue a statement that while team lawyers met with city lawyers, the Bears “have exhausted every opportunity to stay in Chicago.” All this would be a mere media sideshow, if not for the fact that some Chicago-area state legislators are reportedly holding off on approving tax breaks for an Arlington Heights stadium in hopes that the team can be kept in Chicago — though that’s according to state Sen, Bill Cunningham, the main sponsor of the tax break bill, so for all we know he has his own motivations for blaming the bill stalling on people with unwarranted dreams of the team staying put. On the third hand, Cunningham also said some legislators have expressed distaste for the size of the tax breaks themselves, as well as impatience that the Bears are demanding infrastructure money as well but haven’t put forward a traffic study for what would actually be needed. At this point there’s going to be no way for Bears officials to know just what they’ll be in line to get from Illinois by the end of this legislative session, which is going to make it very interesting to see what they decide about Indiana’s stadium subsidy offer, or if they’ll somehow try to put off Indiana for a few more months until they see just what Illinois is putting on the table.
  • Not to be left out of all the media shouting, Arlington Heights Mayor Jim Tinaglia says that an Indiana stadium is no good because it would be near a toxic waste site, while Hammond Mayor Thomas McDermott Jr. says not to worry because “the Bears know far more about environmental concerns in that area than any of us, because they’re spending millions of dollars on it.” Is that how that works? Pretty sure that’s not how that works.
  • Athletics vice chair Sandy Dean says the team has a contingency plan for still building a Las Vegas stadium even if Bally’s doesn’t move ahead with its proposed surrounding development, which could be tricky given that the Bally’s section was supposed to provide some of the entrance plazas to the A’s stadium. Dean says the team might try to replicate something similar to its Championship Plaza in Oakland, with food trucks and outdoor games, which sounds really hot for Vegas, but maybe. A’s owner John Fisher has still only spent about the first $400 million on the $2 billion project, meaning we still don’t know what will happen once he has burned through public funds and needs to come up with the rest from his family money.
  • Cuyahoga County will not be quadrupling its “sin tax” on alcohol and cigarettes to raise an estimated $56 million a year for additional upgrades for the Cleveland Guardians stadium and Cavaliers arena, after state legislators said they wouldn’t approve such a hike. The county could increase ticket taxes instead or add a 0.25% sales tax surcharge; it could also just stop funneling money to the teams and dare them to break their sweetheart leases, but nobody is putting that on the table for now.
  • Wondering how on earth the Philadelphia Phillies are finding $205 million worth of upgrades to their spring training facility, funded with the help of $115 million in city and county money, in addition to the previously mentioned addition of “batting cages with floor scales that track a player’s weight distribution through an entire swing”? This interview with Phillies Florida operations director John Timberlake won’t explain it, but you will learn that yes, he is Justin’s uncle.
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