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Taxpayer Financing

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sports1 year ago

"Proposed White Sox Stadium at The 78: Funding and Design Details"

The Chicago White Sox are seeking taxpayer funding for a new stadium and surrounding development on a vacant site in the South Loop, but state law currently limits available funding to about $100 million, far short of the estimated $1 billion cost. The proposed project includes ambitious economic impact projections and plans for affordable housing, but skeptics question the feasibility of these figures. The team's desire for a new downtown ballpark hinges on potential changes to state law and the ability to secure additional financing.