All articles tagged with #jerry reinsdorf
Jerry Reinsdorf and Justin Ishbia have reached a long-term agreement that allows Ishbia to eventually acquire a controlling interest in the Chicago White Sox, with no immediate change in control until at least 2029, and options for Ishbia to take full ownership between 2029 and 2034.
The Chicago White Sox are off to a dismal start this season, with a lackluster offense and a string of injuries to key players including Luis Robert Jr., Eloy Jimenez, and Yoan Moncada. General manager Chris Getz attributes the team's offensive struggles to these injuries, but the reality is that the team was expected to struggle even without them. The ownership's focus on financial gains over building a competitive team has left fans frustrated, and the future looks bleak for the struggling White Sox.
Chicago White Sox chairman Jerry Reinsdorf is pushing for over a billion dollars in public funding for a new stadium, citing the potential for someone else to seek it in the future if not now. Reinsdorf's efforts have sparked controversy and skepticism, as the team's performance under his leadership has been disappointing. The proposed stadium, located in the South Loop, aims to revitalize the team and the surrounding area, but faces opposition due to the hefty public funding request.
Chicago White Sox Chairman Jerry Reinsdorf is lobbying for over $1 billion in taxpayer dollars and $900 million in public infrastructure to build a new stadium in the South Loop, arguing that the team needs a modern facility to remain competitive. Critics, including State Rep. Kelly Cassidy, are skeptical of Reinsdorf's claims and oppose subsidizing wealthy businessmen. Reinsdorf's argument for public funding echoes his past threats to move the team, but faces resistance in Springfield. The proposed stadium project aims to revitalize the South Loop area, but the substantial subsidy request is met with skepticism and opposition from lawmakers and community members.
Chicago White Sox Chairman Jerry Reinsdorf, who previously threatened to move the team if public funding for a new ballpark wasn't secured, now plans to leave a new stadium as a gift to the city, funded by over $1 billion in public money. Despite hinting at a future sale of the team, Reinsdorf insists it won't happen while he's alive. This about-face has sparked accusations of hypocrisy, given his past relocation threats and reluctance to invest in player salaries due to the current ballpark's location.
Chicago White Sox Chairman Jerry Reinsdorf emphasizes the necessity of a new stadium to ensure the team's viability in Chicago, suggesting that failure to do so could lead to a potential relocation. Reinsdorf highlights the financial challenges posed by the current Guaranteed Rate Field and advocates for a new stadium closer to downtown. He envisions a $1.1 billion project that includes a baseball-only stadium as the anchor of a larger development, requiring substantial subsidies and infrastructure work.
White Sox owner Jerry Reinsdorf is revisiting his old playbook of threatening to move the team in order to secure public funds for a new stadium in the South Loop, claiming that the team's current location cannot generate the revenue needed to pay player salaries. Critics argue that the real problem lies in poor team performance and Reinsdorf's poor stewardship, pointing out that the Cleveland Guardians have achieved success with smaller payrolls. Despite skepticism, Chicago Mayor Brandon Johnson has left the door open for potential public support, but there is currently no compelling reason for Major League Baseball to consider relocating the team.
Chicago White Sox owner Jerry Reinsdorf is seeking $1 billion from the state of Illinois for a new stadium, citing economic impact, real estate ownership, and the threat of relocation. Reinsdorf argues that the new stadium would generate $4 billion in economic impact and $200 million in tax revenue, while also addressing the challenge of competing with teams offering large player contracts. However, economists remain skeptical about these claims, and the proposal faces challenges including competition with the Chicago Bears for government subsidies and infrastructure upgrades.
Billionaire octogenarian Jerry Reinsdorf, owner of the Chicago White Sox and Chicago Bulls, is seeking $1 billion in taxpayer money from the State of Illinois for a new White Sox stadium and surrounding development. Despite his substantial wealth, Reinsdorf's request has sparked controversy as the state is still paying off the last stadium he built. Critics argue that the city faces pressing issues such as overcrowded schools and homelessness, making the allocation of public funds for a sports stadium questionable. Additionally, the White Sox's recent underperformance on the field has raised questions about the necessity of a new stadium.
The Chicago White Sox and owner Jerry Reinsdorf are seeking $1 billion in public funding for a new stadium at "The 78," with plans to use private investment funds from housing, bars, restaurants, and parking to create funding back to the state. Reinsdorf is confident in winning state approval for the complex financial plan, but faces skepticism from Illinois Gov. J.B. Pritzker and other state politicians who are hesitant to use public funding on stadiums. The plan also involves extending the Illinois Sports Facilities Authority's bonds by 30 years and using a 2% hotel occupancy fee to pay for the stadium and Bears' 2003 renovations to Soldier Field. If approved, it could be a significant development in Chicago's history.
Chicago White Sox Chairman Jerry Reinsdorf made a pitch for a new stadium in the South Loop to Illinois legislative leaders, seeking about $1 billion in public funding, but facing skepticism from some lawmakers and Gov. J.B. Pritzker. The proposed stadium at "The 78" would include ambitious economic projections and plans for housing units. Reinsdorf's visit came ahead of Pritzker's budget presentation, and while some lawmakers expressed openness to discussions, others were openly hostile to the idea of public funding for the stadium.
White Sox owner Jerry Reinsdorf is seeking $1 billion in public funding for a new ballpark in the South Loop neighborhood known as The 78. He was expected to meet with Illinois House Speaker Emanuel “Chris” Welch to discuss the ambitious proposal, which includes a ball park-anchored megadevelopment. Reinsdorf may seek funding through refinancing existing bonds and a taxing district around the stadium. The Chicago Bears are also expected to seek legislative support for a potential new stadium.
The Chicago White Sox owner, Jerry Reinsdorf, is reportedly seeking around $1 billion in public funds from Illinois to build a new stadium in the South Loop, with plans to move from Guaranteed Rate Field to the currently unoccupied 78 South Loop development. The proposed funding includes seeking revenue from a pre-existing hotel occupancy tax and creating a tax-overlay district for The 78 property, as well as infrastructure funds for the stadium. The move has sparked debate over the use of public money for sports facilities and the team's future in Illinois.
Jerry Reinsdorf, Chairman of the Chicago White Sox, stated that he has no plans to sell the team despite fan dissatisfaction. Reinsdorf, who has owned the team since 1981, expressed his commitment to improving the team before considering a sale. He also addressed rumors of a potential move to Nashville, blaming a report from Crain's Chicago Business for starting the speculation. While the team's lease at Guaranteed Rate Field ends in 2028, Reinsdorf stated that discussions about the future of the team's home have not yet taken place. Recent property purchases near the United Center have fueled speculation about a potential move, but no decisions have been made.
Jerry Reinsdorf, owner of the Chicago Bulls and White Sox, has purchased a vacant property near the United Center for $17.2 million. The property, located on the Near West Side, has development potential and is adjacent to other recent acquisitions made by Reinsdorf-affiliated companies. The purchase adds to Reinsdorf's growing investment in the area, which is expected to see zoning for more residential density in the near future. The property is also near the planned expansion of the Blackhawks' training complex and a proposed new building by City Church Chicago.