SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Here we go…

Wednesday, Apr 30, 2008

* The push is on

The leader of the Illinois Sports Facilities Authority said Tuesday that the agency has solved a seemingly intractable puzzle: How to purchase and renovate Wrigley Field without using any state or local tax dollars.

“We are working on a proposal to present to Tribune Co. that will allow ISFA to acquire and fully restore Wrigley Field, as well as add parking and neighborhood improvements, without using any public tax money, either state or local,” said former Gov. James Thompson, chairman of the agency.

The bid will be delivered “shortly,” Thompson said.

* So, how will it be financed?

[Thompson] would only say what the new plan would not include: “No PSLs [personal seat licenses] . . . No sales tax. No amusement tax. No McCormick Place [restaurant] tax. No taxes of any kind. I know that will disappoint the Sun-Times editorial board. But it’s the best I can do,” he said.

“Obviously, a deal done without tax money has a better chance of being approved than a deal based on tax money. Now the Sun-Times editorial board will be for it, right?”

Even if no tax money is directly used, the impact on state and local tax coffers should also be examined. Zell is a financial wizard when it comes to taxes and Mother Tribune is no slouch either. Will this involve some sort of tax break for Zell?

* Thompson did offer this hint

Thompson hesitated when asked if his new plan would rely on the controversial sale of naming rights to the 94-year-old shrine of Major League Baseball.

Tribune CEO Sam Zell’s plan to sell naming rights to Wrigley to generate as much as $400 million over 20 years has met with stiff resistance from baseball purists and die-hard Cub fans. “I would say yes. But we would look for a naming rights deal that does not displace Wrigley Field.'’

I’m not sure what that means, exactly, but there will be a real problem convincing legislators to vote for a bill that would change the name or look of Wrigley Field.

* Thompson wouldn’t say how much the state would offer to pay for the decrepit ball park, but he did manage an Olympics tie-in, which is something that everybody is doing in Chicago these days…

Getting a deal done “will show the Olympic committee that we know how to do these things in Chicago,” [Thompson] said.

- Posted by Rich Miller        


22 Comments
  1. - GoBearsss - Wednesday, Apr 30, 08 @ 9:59 am:

    Go Cubsss!


  2. - Carlos - Wednesday, Apr 30, 08 @ 10:03 am:

    OH! Let’s trust Jim Thompson, this is the guy trying very hard to hide Blago’s corrupt schemes.


  3. - The Doc - Wednesday, Apr 30, 08 @ 10:04 am:

    Ah, there it is - Big Jim throwing out the Olympics bait, hoping that Daley will go for it hook, line, and sinker. Not sure why the IOC would give a hoot if the stadium is owned by the state or a private entity. Bottom line - the ISFA is 0-for-2 with The Cell and Soldiers Field - why would the GA green light the Wrigley deal?


  4. - Rod sez I'm pork - Wednesday, Apr 30, 08 @ 10:13 am:

    Getting a deal done “will show the Olympic committee that we know how to do these things in Chicago,” [Thompson] said.

    How we do things in Chicago? It just took me an hour to drive 5 miles on Lake Shore Drive, the surface of which resembles that of the moon. No thank you.


  5. - Leave a light on George - Wednesday, Apr 30, 08 @ 10:15 am:

    The Rezko trial is the best current example of how we do things in Chicago.


  6. - VanillaMan - Wednesday, Apr 30, 08 @ 10:18 am:

    “I would say yes. But…”

    That’s saying, ‘No’, isn’t it!


  7. - taxing tom - Wednesday, Apr 30, 08 @ 10:24 am:

    No cost to taxpayers huh?? Big Jim’s latest scheme would, among other things, take the ball park off the property tax roles. So who then gets left with picking up that lost revenue — all us already over property taxed homeowners.


  8. - Vote Quimby - Wednesday, Apr 30, 08 @ 10:32 am:

    They are going to start auctioning off the 7th-inning stretch to the highest bidder, instead of relying on A+++-list celebrities like Jason Priestly and the WAAAZ-UP guys.


  9. - curious george - Wednesday, Apr 30, 08 @ 10:39 am:

    Can you say MARS Wrigly Field. Courtesy of Warren Buffet


  10. - Capitol View - Wednesday, Apr 30, 08 @ 10:40 am:

    I still wonder where the parking will go - parking fees will be a part of the mix of revenues. The charm of the Wrigleyville neighborhood is still threatened by state emanent domain, for parking lot purposes. Wrigleyville may be destroyed for three or four square blocks for that parking.

    The naming game is also at The Cell. The “field” has one name, the stadium the other. So the Cubs may still be playing “on” Wrigley Field, but the new facility may be Viagra Park or some other zany name.


  11. - curious george - Wednesday, Apr 30, 08 @ 10:42 am:

    opps… M&M MARS Wrigley Field


  12. - BannedForLife - Wednesday, Apr 30, 08 @ 10:44 am:

    “No taxes of any kind.”

    whenever I hear pronouncements like this, I have to remind myself these spinmeisters don’t consider incremental taxes taxes, the implied qualifier “EXISTING taxes” was has been elided


  13. - wordslinger - Wednesday, Apr 30, 08 @ 10:54 am:

    I think at this point, anything that comes to the GA before the election, especially if its backed by Blago, will get beat like a rented mule.


  14. - Captain America - Wednesday, Apr 30, 08 @ 11:00 am:

    Just say no!


  15. - Crystal Clear - Wednesday, Apr 30, 08 @ 11:24 am:

    As much as I love the Olympics and would love for them to come to Chicago, the worst thing that could happen is that Chicago is awarded the Olympics.

    The Olympics card will be played for every tax increase for the next 10 years for Chicago, Cook County and the state of Illinois. I said 10 years, because after the Olympics are over in 2016, additional tax increases will be needed to pay for the money lost for hosting the Olympics.

    As an aside, I recently visited Lillehammer where the 1994 Winter Olympics were held. They still have a number of grossly under used and over capacity facilities. In discussion, with the people there in Lillehammer most of the cost was underwritten buy the federal Norwegian government. That won’t be the case in Chicago.

    Finally, the public transit system there is unbelievably efficient. The buses and trains are exceptionally clean and timely. If the schedule says 9:32, the train pulls in at 9:31 and leaves at 9:33. The millions of dollars recently thrown at the RTA and CTA will only continue the malfeasance and corruption.

    The best thing that could happen to us, is the IOC quickly name another site and we can stop this nonsense.


  16. - Plutocrat03 - Wednesday, Apr 30, 08 @ 11:52 am:

    Seems like one moment spent trying to increase the scope if the IFSA is a waste of taxpayers funds.

    It is a fraud being perpetrated on the taxpayers of Illinois and there is no one out there who will stop it.

    Don’t the power that be realized that any repurposing of the revenue streams coming out of the citizenry is a tax increase?

    I think they do and don’t care.


  17. - Truthful James - Wednesday, Apr 30, 08 @ 11:55 am:

    The sale to Mars gives Bill Wrigley enough cash flow to buy back the team himself. That way he gets to keep the name.

    Any deal which goes down should have the Sports Authority making a payment in lieu of taxes passed through by the lessee.

    Raise your hand if you think Big Jim is working pro bono for the good of the City of Chicago and the State of Illinois?


  18. - jerry 101 - Wednesday, Apr 30, 08 @ 12:14 pm:

    Hmmm…mysterious scheme put together by Zell’s buddy Thompson that will be “proposed” by the ISFA to TribCo today…

    Why is my first thought, “Taxpayers be ready to drop you pants and…(well, this is a family site)”?

    Quit trying to make my tax dollars subsidize that rich old jerk.


  19. - Hickory - Wednesday, Apr 30, 08 @ 1:24 pm:

    I suggest that the current independent contractors(Cub players) be required to either purchase or lease the field. Most businesses own or lease the property where they work. The people of Illinois can not afford the field.


  20. - He Makes Ryan Look Like a Saint - Wednesday, Apr 30, 08 @ 1:32 pm:

    I say Great!!!! They Have done such a GREAT job keeping up the Stratton Building, JRTC and all other State buildings, I am sure they will do the same kind of job on Wrigley……..Oh, wait April Fools Day is over!!


  21. - Sweet Polly Purebred - Wednesday, Apr 30, 08 @ 5:45 pm:

    The darn IFSA was created to give our “BIG JIM” something to do. It never existed until his pal the “guv” pulled it out of his little pointed hat and installed him in the “special seat”. Besides, I sure that Jimmy will decorate it very tastefully - he has such a talent in that area. And of course, as expected, he threw in the OLYMPIC card. As to where the money is going to come from - Well, maybe Ali Ata and Rezko had a few black garbage bags of trash left from their last Blago drop? The thing that confuses me is why the heck is a resident of Wisconsin the head of ANYTHING here in Illinois?


  22. - Truthful James - Wednesday, Apr 30, 08 @ 6:06 pm:

    We are down to the First scene in the final act. Zell sets a deal to sell the team to someone who threatens to move from Wiggily.

    The Ball Yard will be deconstructed and a huge outlet mall will be but in in its place…heh, heh, heh.

    Swinging in on a heavily reinforced rope comes Superhero Jim to save the day for all the poor tavern owners in the area and the guts who make cash money selling driveway and lawn parking.

    “I know what we’ll do, we can put a casino in the cavernous areas between outer walls and fields. Daley-Blago hump an extra license through their pet legislature. “Bud Selig objects, we will keep our games of chance shut down while the Cubbies are playing theirs. Except for the private boxes, of course.”

    It is a done deal, gang. There is too much meat a’cooking, for law firms, Special K and Al Ronan to do the lobbying, etc., etc..


Sorry, comments for this post are now closed.


* Proft busts caps in Bertino-Tarrant race
* Today's quotable
* Funding stuff that works
* Question of the day
* Caption contest!
* More complicated than it already looks
* Caught in a vicious cycle
* How can we miss you if you won't go away?
* Rules bent a bit to move ConAgra headquarters to Chicago
* Trump raises money in Illinois for out of state candidates, while NRSC jumps in for Kirk
* *** UPDATED x1 CPS responds *** CTU says 95 percent voted to strike
* Video gaming could be a huge revenue generator for state, Chicago
* Let's tone it down a little
* Safe Roads backers begin TV blitz
* Kasper speaks
* The transformation is almost complete
* Caps off in comptroller's race
* SUBSCRIBERS ONLY - Supplement to today’s edition
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............
<


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

  
* Lenovo lays off about 1,000, mostly in Motorola
* Huawei ‘Nexus’ tablet may be a second Andromeda device
* If Google buys Twitter, there’s a perfect spot for it in YouTube
* Project Loon achieves new milestone in flight time
* Twitter is being pursued by Disney
* Three HTC Ocean phones might take touch controls to the next level
* Images of Chromecast Ultra show up, Chrome logo doesn’t

* Rodon's shutdown start captures road series
* 50th big league start is large for stellar Rodon
* Rodon's shutdown start captures road series
* White Sox mourn loss of superstar Fernandez
* Rodon's shutdown start captures road series
* Rays, White Sox set for clash in Windy City
* White Sox mourn loss of superstar Fernandez

...............


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress

Loading


* Cornerstone Building Brews New Business - Peori.....
* 44th District hopefuls urge thinking beyond par.....
* Community colleges say they’re forced to rely m.....
* Study: Illinois video gaming has generated abou.....
* Safe Roads backers begin TV blitz – The Capitol.....
* First Gold Star Family Day proclaimed in IL - KFVS..
* Gov. Rauner on tonight's debate: Next question .....
* Governor Rauner Proclaims First Gold Star Famil.....
* Gold Star Family Day - IllinoisHomePage.net..
* Illinois Gov. Rauner Ignores MMJ Pleas, So Loca.....


* Man charged in shooting at popular Chicago tourist spot
* Study: Illinois video gaming has generated about $785M
* Study: Illinois video gaming has generated about $785M
* Some retired educators in suburban Chicago receive bonuses
* Illinois man to plead not guilty in wife's 1990 death
* Chicago teachers vote to authorize strike in contract talks
* Police: Hammond officer shot, injured armed suicidal man
* The Latest: U of Illinois plans vigil after deadly shooting
* David Gill appeals to US Supreme Court to get name on ballot
* $3.5M bail set for suspect in kidnapping of Wheaton student

* Chicago teachers vote to authorize strike in contract talks
* First Gold Star Families Day observed at Capitol
* Donation lifts fundraising caps in Illinois comptroller race
* Planning underway locally for Illinois' 200th birthday
* Attack on state senator leads to arrest of murder suspects
* Illinois Supreme Court overturns law allowing 6-member juries
* Local unemployment of 4.6 percent still lowest in state
* Elderly frozen-treat seller gets $380,000 from GoFundMe page
* Creation of Amish history museum in central Illinois underway
* Privately funded Executive Mansion work will follow traditional wage, bidding rules

* Beer wars heat up as Miller Lite calls out Bud Light by name in ads
* Bats needs to close this deal before somebody buys CBOE
* Variable pay could be headed up for Chicago workers in 2017
* Beer wars heat up as Miller Lite calls out Bud Light by name
* Your salary might not go up in 2017, but about that bonus . . .


* Man shot in Austin
* Fred Hoiberg is already feeling the pressure in his second season
* Brown: Is it safe to ride a bike in ‘America’s Best Bike City’?
* The Trump-Clinton presidential debate: Watch and react with us
* Dwyane Wade is 100 percent behind Colin Kaepernick’s message
* 4 charged in laptop theft at Crown Point tattoo parlor
* Big buck to osprey talons: Notes around Chicago outdoors
* One train cancelled after Union Station fire
* Doubek: Lockbox for road repair funds creates more problems
* Gov. Rauner on tonight’s debate: Next question


* Windsor school 'tasting menu' a big hit with students
* Donald Trump, Hillary Clinton finally face off in high-stakes debate showdown
* Washington mall shooting suspect confesses to slayings, is charged with murder
* Charges filed in fatal shooting near Millennium Park over weekend
* State police investigating Hammond cop shooting
* Emanuel modifies police oversight proposal to woo aldermen
* 6 shot on West, South sides, including boy, 15
* Double Door considering move to Logan Square as legal appeal continues
* Charles R. Walgreen III, oversaw growth of chain started by grandfather, dies
* Houston gunman wore military-style apparel with Nazi emblems, police say


The widget AQL4JYGHIY powered by Feed Informer does not exist.


* Chicago teachers vote to authorize strike in contract talks
* First Gold Star Families Day observed at Capitol
* Donation lifts fundraising caps in Illinois comptroller race
* Deckle McLain: Rise of bots can't be ignored in economy
* Bernard Schoenburg: Interesting twists in Troemper-Reid circuit judge race
* Statehouse Insider: Do you remember where you were during Rauner's Facebook Live session?
* Compass for Kids supports at-risk children
* Innovate Springfield gives boost to new businesses
* Eric Zarnikow: Aid changes mean students should act now
* Planning underway locally for Illinois' 200th birthday


* PODCAST: News Gazette Sports Page 09-26-16
* Wapsi approaching a top-10 flood
* Illinois marks first Gold Star Family Day
* Gill denied in last-ditch appeal to U.S. Supreme Court
* Illini searching for improvements
* Urbana man pleads guilty to wife's murder
* 09-26-16 Monday Morning Quarterbacks
* Hit-and-run investigation: Urbana police impound stolen vehicle
* Champaign middle-schooler struck by vehicle
* Fire damages Bloomington home


* Police: Elgin man in synthetic pot case said he didn't sell drugs 'anymore'
* Mundelein man who was shot in Champaign was visiting friends
* Arlington Heights library still discussing north branch
* 49ers coach Chip Kelly isn't ready to make a switch at QB
* 10th annual solar tour

* House lawmakers overcome hurdle on key tra...
* Rodney Davis talks funding with Bloomingto...
* The agency that fought Illiana gets a new ...
* Rep. Dold takes educational cruise down Ch...
* Lawmakers decry high turnover rate of VA h...
* CBD Oil, and politics
* Simon considering state Senate bid
* Killer Congressman Tom MacArthur trying to...
* Shutdown? State may not notice
* Rep. Bob Dold

* Government action on for-profit college ac......
* Wicker, Durbin Introduce Legislation To Pr......
* Illinois/Wisconsin briefs - Dubuque Telegr......

* Polls: GOP Closing Fast on Senate Seats - ......

* Trump vs Clinton in dead heat; Monday night's debates could be crucial
* Trump vs Clinton in dead heat; Monday night's debate could be crucial
* Gill Fights To Get Back On Ballot In Illinois' 13th Congressional Distict
* Lake County Jail Workers Union Voices Concerns Over Long Hours, Safety
* Cartoon Of The Day
* Oral Arguments On Landmark Clean Power Plan To Be Heard Tuesday
* Report: Income Inequality Is Worse For Black Workers Today Than In 1979
* EXTRA: It’s beginning to look at lot like a strike will take place this autumn
* Oral Arguments In Appeal Of Landmark Clean Power Plan To Be Heard Tuesday
* Cartoon of the Day - 9/26/16 Chgo citizens to cops: stop shooting us


* Governor Rauner Proclaims First Gold Star Family Day in Illinois
* IDNR Announces Campsite Reservations Open for Sites in Solar Eclipse Zone - Southern Illinois Will Experience Total Solar Eclipse Aug. 21, 2017
* IDOT Hiring in Preparation of Winter Weather - Temporary help needed to assist with snow-and-ice removal, public urged to apply
* Illinois Department of Insurance Reminds ‘Land of Lincoln Health’ Customers to Enroll In New Coverage - The deadline for ‘Land of Lincoln Health’ customers to enroll in a new plan is September 30, 2016; Consumers could experience a gap in health care cove
* Governor Rauner Celebrates Illinois’ Hunting Heritage on National Hunting and Fishing Day




      Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller