What about public funding for sports stadiums?
Chicago, the state and wealthy owners should be cautious about subsidizing new White Sox and Bears stadiums.
The White Sox are considering asking for taxpayer money to renovate or build a new stadium. The White Sox are considering asking for taxpayer money to either renovate or build a new stadium.Mayor Brandon Johnson, who has expressed interest in keeping the team in the city, suggested any stadium deal would be a public benefit, stating that stadium projects serve as economic drivers for local communities. This is a common refrain when sports teams ask for public subsidies. Johnson is also supporting the Bears’ proposal for a new lakefront stadium with public subsidies.However, the long-term value of these projects to the broader public remains highly debatable.
This is a preview of our full op-ed originally published in The Chicago Sun Times.
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