Tag

Public Subsidies

All articles tagged with #public subsidies

"Bears Explore Stadium Funding Options with Illinois Authorities and Arlington Heights Locals"

Originally Published 1 year ago — by NBC Sports

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Source: NBC Sports

The Chicago Bears have met with the state and city stadium authority to discuss public subsidies for a proposed domed lakefront stadium to replace Soldier Field, with the team committing $2 billion to the project. Illinois governor J.B. Pritzker is hesitant about using public funds for a stadium for a billion-dollar team, while the Bears hope the stadium authority will cover the remaining costs. The new facility would allow for year-round events, potentially increasing revenue, despite sacrificing the home-field advantage of outdoor elements.

"Las Vegas: From Rejecting to Embracing Pro Sports and the Super Bowl"

Originally Published 1 year ago — by The New York Times

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Source: The New York Times

Las Vegas has recently transformed into a pro sports town, with the addition of hockey, basketball, and football teams, reflecting the city's reliance on tourism. The construction of new stadiums, partly funded by public money, has sparked controversy as it diverts attention from critical social services, particularly education, in the city. Despite the opposition, the city's leaders view the investment in pro sports as a way to attract visitors and foster innovation.

"Controversy Surrounds Sixers' Downtown Arena Proposal and Funding Comments"

Originally Published 1 year ago — by The Philadelphia Inquirer

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Source: The Philadelphia Inquirer

Chinatown advocates are criticizing Councilman Mark Squilla for seemingly reneging on a pledge to ensure that the proposed 76ers arena in Center City does not use taxpayer subsidies. Squilla initially committed to no public financing, but now says he can only promise no city funding and cannot control state or federal subsidies. The debate over the arena's impact on Chinatown and its potential use of public subsidies is intensifying as Council prepares to consider legislation enabling the project.