Sports Finance News

"Chicago White Sox Stadium Funding: Balancing Taxpayer Concerns and Relevancy"

White Sox owner Jerry Reinsdorf is seeking to create a taxing district to capture $400 million in state sales tax revenue to help fund the proposed new stadium at The 78, with the bonds backed by the existing statewide 2% hotel tax. Critics question the need for public financing of a $2 billion sports franchise's new stadium, especially given the pressing issues facing the city and state, and urge lawmakers and the governor to prioritize taxpayers' needs over subsidizing the stadium.