Friday, October 11, 2024

George McCaskey Says Bears Have 3 Chances Left For Downtown Stadium

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Kevin Warren has not budged from his stance on the new Chicago Bears stadium pursuit. The team president has remained adamant the organization is committed to building a state-of-the-art complex on the museum campus south of Soldier Field. Based on his timeline, the goal is to get shovels in the ground by 2025. He makes it sound simple. However, every indication for the past year is that Governor J.B. Pritzker and the state government refuse to budge on any idea of public funding for such an endeavor. George McCaskey remains confident in Warren’s plan.

That said, the team chairman also understands the clock is ticking. Based on his knowledge of the situation, the Bears have three opportunities remaining to get legislation passed for the projected, as he explained to the Bears media in London on Thursday.

“There’s a veto session in November, there’s a lame-duck session in January and then there’s a spring session right after that,” McCaskey said. “So at some time in one of those sessions, we’re going to have to have some sort of enabling legislation to allow the project to move forward.”

McCaskey was resolute when asked about having any regrets about abandoning the pursuit of a stadium in Arlington Heights. Like Warren, his goal is to go to the place that is best for the Bears. Right now, that remains downtown Chicago.

“We want to go where the best deal is possible, where it’s most feasible — financially, politically, geographically,” McCaskey said. “The lakefront is an excellent site and we think that a roofed stadium just south of Soldier Field can be great for Chicago, for the region and for the state of Illinois.”

George McCaskey is at the mercy of politics.

When new stadiums become involved, public funding is always a battleground between a city/state and an organization. Many times, the team shows a willingness to leave town over such a matter. The original Cleveland Browns did it, as did the Houston Oilers, San Diego Chargers, Baltimore Colts, and others. It is almost impossible for McCaskey to consider such a ludicrous idea. The Bears have been part of Chicago since the 1920s. It seems unlikely the NFL would sign off on such a move, abandoning the third-largest media market in the country.

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That means the franchise doesn’t have a ton of leverage. They have already found around 72% of the necessary funding through private means. That remaining 28% works out to an estimated $900 million, which they’re hoping to get from various tax moves. The problem is they need approval from the state government for that. Pritzker hasn’t been impressed with the Bears’ plans thus far. George McCaskey and Warren have three more opportunities to change that before they may have to consider pushing back the planned date of construction.

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Gator Joe
Oct 11, 2024 8:32 am

There is so much we don’t know. Public comments are not even a clue as to what is really going on. Pockets need to be lined as has always been the case in Chicago. If I’m the Bears up in Lake Forest and have a chance to leave the city behind, I’m doing it right now. But their biggest fear is that if they go to the suburbs the city brings in a new team. They don’t want to compete with the Chicago Browns.

Byron
Byron
Oct 11, 2024 6:49 am

Been nothing more than posturing to get the folks in Arlington to quite trying to be greedy.

Byron
Byron
Oct 11, 2024 6:46 am

So, Chicago is scrambling right now because they are 2 billion short for the year. Illinois is still on the hook for 700 million for the last remodel of Soldier Field. Yeah, I think the Reps in Springfield are going to be running to throw another Billion in the trash.

BearCub30
Oct 11, 2024 6:42 am

This seems absolutely stupid on multiple levels. So you say we have 3 chances and then after that the Bears negotiating power goes out the door with AH because they are stuck! I think it’s more Warren is letting the grime Chicago politicians sell him a bag of goods like they are going to make it happen. Either way this sucks big time. The AH property would be awesome. But I’m wondering if they think it’s better to spend someone else’s money than their own?

Rocketrider
Rocketrider
Oct 10, 2024 10:33 pm

Exactly Dug Plank. In AH the Bears increase the teams value x10 compared to spending millions on a stadium on city property that’s nearly the same size as what they have. They have a terrible deal with the city now. And the Chicago park district can’t even keep the field in decent condition. Who wants to sign up for another 30 years dealing with the city. Warren. He thinks this will benefit the people of Chicago. He doesn’t want the town of AH to get the benefits. Think how much more the McCaskey’s sell the franchise for if the stadium… Read more »

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