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Big Chicagoan
PostPosted: Wed May 08, 2019 4:01 pm 
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Moving back to Chicago. Paying Bridgeview $60.5M to get out of their lease.
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tommy
PostPosted: Wed May 08, 2019 9:43 pm 
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https://www.chicagobusiness.com/news/ch ... bridgeview

"Bridgeview taxpayers remain on the hook for roughly $260 million in long-term debt after nearly a dozen bond sales to resolve debt service shortfalls, according to S&P Global Ratings."
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KDdidit
PostPosted: Wed May 08, 2019 9:51 pm 
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It’s a nice stadium that no one in the city or the suburbs wants to go to. Hope they build a stadium at the old Michael Reese place, but they won’t.
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conns7901
PostPosted: Wed May 08, 2019 9:58 pm 
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KDdidit wrote:
It’s a nice stadium that no one in the city or the suburbs wants to go to. Hope they build a stadium at the old Michael Reese place, but they won’t.


I don't think anyone would really want to go to a stadium there either.

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billypootons
PostPosted: Wed May 08, 2019 10:27 pm 
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with as broke as bridgeview is... that condition of that stadium is going to rapidly deteriorate
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Big Chicagoan
PostPosted: Wed May 08, 2019 10:53 pm 
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Maybe DePaul can use it.
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FavreFan
PostPosted: Wed May 08, 2019 10:59 pm 
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Let em play at Soldier Field. Good grass there.

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Regular Reader
PostPosted: Wed May 08, 2019 11:02 pm 
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tommy wrote:
https://www.chicagobusiness.com/news/chicago-fire-leaving-bridgeview

"Bridgeview taxpayers remain on the hook for roughly $260 million in long-term debt after nearly a dozen bond sales to resolve debt service shortfalls, according to S&P Global Ratings."


$260MM for a small open air stadium on cheap land? What else is tied into that number? Especially since I vaguely recall it originally being a $75mm project covered by ridiculous property taxes they've been collecting for years.

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SpiralStairs
PostPosted: Wed May 08, 2019 11:04 pm 
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KDdidit wrote:
It’s a nice stadium that no one in the city or the suburbs wants to go to. Hope they build a stadium at the old Michael Reese place, but they won’t.


What about everyone in Oak Lawn you asshole?

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Big Chicagoan
PostPosted: Wed May 08, 2019 11:31 pm 
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I think Jerry helped with the initial deal.
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Regular Reader
PostPosted: Wed May 08, 2019 11:32 pm 
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Big Chicagoan wrote:
I think Jerry helped with the initial deal.


Iirc he did.

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tommy
PostPosted: Thu May 09, 2019 8:35 am 
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Regular Reader wrote:
tommy wrote:
https://www.chicagobusiness.com/news/chicago-fire-leaving-bridgeview

"Bridgeview taxpayers remain on the hook for roughly $260 million in long-term debt after nearly a dozen bond sales to resolve debt service shortfalls, according to S&P Global Ratings."


$260MM for a small open air stadium on cheap land? What else is tied into that number? Especially since I vaguely recall it originally being a $75mm project covered by ridiculous property taxes they've been collecting for years.

I think everyone in Bridgeport has a $250,000 (or some such) price tag on their heads. How do you develop the community that way? Or sell your house? Just a shame.

Spiral, you live in Oak Lawn?
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WL Bill
PostPosted: Thu May 09, 2019 9:06 am 
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My mom lives in Bridgeview.. ya the property taxes are insane especially considering how shitty the schools are.
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IMU
PostPosted: Thu May 09, 2019 10:04 am 
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They had such a good water supply right next door though!

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spmack
PostPosted: Thu May 09, 2019 10:18 am 
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People think the stadium is far, but technically it's just a mile or so outside of the city limits that stretch to 65th and Harlem.

I was just driving around there last Sunday and they are building a new hotel, too. I have to believe the hotel had no idea that they were going to leave. Or maybe the hotel is trying to cash in on the proximity to Midway.

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BigW72
PostPosted: Fri May 10, 2019 10:06 am 
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Sadly, this doesn't surprise me. I went to a game once.....it was a fine stadium. I'm not a soccer guy, but enjoyed the game.

The stadium is the only reason to go there.....that's not gonna cut it.

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