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| Chicago Fire break lease with Bridgeview http://chicagofanatics.com/viewtopic.php?f=99&t=117506 |
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| Author: | Big Chicagoan [ Wed May 08, 2019 4:01 pm ] |
| Post subject: | Chicago Fire break lease with Bridgeview |
Moving back to Chicago. Paying Bridgeview $60.5M to get out of their lease. |
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| Author: | tommy [ Wed May 08, 2019 9:43 pm ] |
| Post subject: | Re: Chicago Fire break lease with Bridgeview |
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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| Author: | KDdidit [ Wed May 08, 2019 9:51 pm ] |
| Post subject: | Re: Chicago Fire break lease with Bridgeview |
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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| Author: | conns7901 [ Wed May 08, 2019 9:58 pm ] |
| Post subject: | Re: Chicago Fire break lease with Bridgeview |
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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| Author: | billypootons [ Wed May 08, 2019 10:27 pm ] |
| Post subject: | Re: Chicago Fire break lease with Bridgeview |
with as broke as bridgeview is... that condition of that stadium is going to rapidly deteriorate |
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| Author: | Big Chicagoan [ Wed May 08, 2019 10:53 pm ] |
| Post subject: | Re: Chicago Fire break lease with Bridgeview |
Maybe DePaul can use it. |
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| Author: | FavreFan [ Wed May 08, 2019 10:59 pm ] |
| Post subject: | Re: Chicago Fire break lease with Bridgeview |
Let em play at Soldier Field. Good grass there. |
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| Author: | Regular Reader [ Wed May 08, 2019 11:02 pm ] |
| Post subject: | Re: Chicago Fire break lease with Bridgeview |
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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| Author: | SpiralStairs [ Wed May 08, 2019 11:04 pm ] |
| Post subject: | Re: Chicago Fire break lease with Bridgeview |
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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| Author: | Big Chicagoan [ Wed May 08, 2019 11:31 pm ] |
| Post subject: | Re: Chicago Fire break lease with Bridgeview |
I think Jerry helped with the initial deal. |
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| Author: | Regular Reader [ Wed May 08, 2019 11:32 pm ] |
| Post subject: | Re: Chicago Fire break lease with Bridgeview |
Big Chicagoan wrote: I think Jerry helped with the initial deal. Iirc he did. |
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| Author: | tommy [ Thu May 09, 2019 8:35 am ] |
| Post subject: | Re: Chicago Fire break lease with Bridgeview |
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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| Author: | WL Bill [ Thu May 09, 2019 9:06 am ] |
| Post subject: | Re: Chicago Fire break lease with Bridgeview |
My mom lives in Bridgeview.. ya the property taxes are insane especially considering how shitty the schools are. |
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| Author: | IMU [ Thu May 09, 2019 10:04 am ] |
| Post subject: | Re: Chicago Fire break lease with Bridgeview |
They had such a good water supply right next door though! |
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| Author: | spmack [ Thu May 09, 2019 10:18 am ] |
| Post subject: | Re: Chicago Fire break lease with Bridgeview |
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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| Author: | BigW72 [ Fri May 10, 2019 10:06 am ] |
| Post subject: | Re: Chicago Fire break lease with Bridgeview |
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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