Capitol Fax.com - Your Illinois News Radar » Here we go…
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.


* Open thread 2
* Open thread
* DHS slammed after care disrupted for "thousands" of mentally ill
* Mendoza wants emergency Deloitte contract review
* The plot thickens on Rauner's AV
* SUBSCRIBERS ONLY - Important update and a supplement to today’s edition
* Frerichs: Don't use new federal rules on 529 programs for state taxes
* "Watchdog" flatly denies getting money from Illinois Policy Institute, but group funded 98 percent of budget
* Governor promised "superstar" appointee a year ago, hasn't delivered
* Chicago survives the first cut in Amazon HQ2 sweepstakes
* Rauner to air entire Blagojevich/Pritzker audio this weekend
* Adlai III endorses Biss
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

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

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

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

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


Loading


* Illinois Seeking “Right to Sunscreen”..
* How to reverse Illinois’ exodus and improve min.....
* Illinois clinic provides abortions via telemedi.....
* Morning Spin: Pritzker, Kennedy, Biss to square.....
* Dawn Patrol: Rauner promises property tax fix -.....
* Illinois education officials want to double sta.....


* Ex-mayor of Chicago suburb pleads guilty in bribery scheme
* University of Illinois board chairman re-elected to 2nd term
* Grants will help students pay for trip to Lincoln museum
* Court in Chicago to hear arguments on sanctuary cities
* 30-year sentence for man in sexual assault of elderly woman
* Champaign man pleads guilty in '85 murder case
* Champaign man pleads guilty in '85 murder case
* 80-year-old accused of bank robbery has decades-old record
* Officer's lawyers plan change of venue poll in McDonald case
* Illinois man pleads guilty in 1985 death of 15-year-old girl

* U of I trustees approve 4th-straight tuition freeze
* Rauner to air extended ad of Pritzker, Blagojevich on wiretap
* Mendoza to keynote Women's March Saturday in Springfield
* Chicago mayor vows to step up Amazon second headquarters bid
* Under the Dome Podcast: More Blago-Pritzker talk, Rauner confirms Duke is racist
* U of I withdrew 35 job offers after background checks
* Frerichs: Can't get tax break for using college savings plan on private K-12 tuition
* Illinois governor to air extended ad of rival, Blagojevich on wiretap
* Chicago a finalist for Amazon's second headquarters
* 2 Illinois governor candidates spend $26M in last 3 months

* Discover topping credit-card rivals in growth—and bad loans
* United to offer upgraded economy section on some global flights
* What Chicago is up against in Amazon HQ2 race
* Emanuel, Rauner clash in wake of Amazon news
* Data center company sues Aurora over telecom tower


* ‘The Final Year’: Camera rolls as Obama team shows how the diplomacy is made
* 2018 Hyundai Accent gets rework — is reborn
* Once ‘pro-choice,’ Trump now steps to forefront of anti-abortion movement
* California prosecutors say couple’s abuse of 12 shackled kids became torture
* Suspects in carjacked Mustang lead cops on nearly hour-long chase around Chicago
* 18-year-old woman shot in Englewood
* Police: Burglars stealing electronics from Roseland, West Pullman homes
* Drone rescue off Australian beach heralded as world-first
* Dear Abby: Does former farm kid have to be lonely?
* LeBron James, Stephen Curry are captains, will draft NBA All-Star Game teams


* New Zealand prime minister to take six-week maternity leave: 'I am not the first woman to multitask'
* Morning Spin: Pritzker, Kennedy, Biss to square off in livestream with Tribune editorial board today
* Future of pill-induced abortion: Women can already receive pills by mail in 4 states, what's next?
* Illinois clinic provides abortions via telemedicine, a method prohibited in 19 states
* The feminist war on common sense
* College student worries about abuse allegation
* Police chase stolen Mustang from the Gold Coast to the South Side
* 8 wounded in city shootings
* Pope shocks Chile by accusing sex abuse victims of slander against bishop
* Government shutdown looms despite House action, short-lived Senate discussion


» Sheriff Offers To Help Review Police Shootings In Suburban Cook County
» A Prescription For Fruits And Veggies: One Solution To Food Insecurity in Illinois
» A Call For Transparency
» 2 Illinois Governor Candidates Spend $26M In Last 3 Months
» State Board of Education: Double School Funding Now
» Lawmakers Demand Fast Internet For Rural Schools
» 2 Dreamers Discuss Helping Other Immigrants Amid Uncertainty
» Rauner Spokesman: 'Governor Believes David Duke Is A Racist'
» Rauner Signs Law To Help Women Behind Bars
» A Poor Neighborhood In Chicago Looks To Cuba To Fight Infant Mortality


* Point: Trump's stance gives hope to an Iranian majority that longs for freedom
* Counterpoint: Trump's assertive policies rally Iranian support for the Ayatollahs
* Thumbs Up: To investing in infrastructure
* Eugene Robinson: An administration with no credibility cannot lead
* U of I trustees approve 4th-straight tuition freeze
* Rauner to air extended ad of Pritzker, Blagojevich on wiretap
* Mendoza to keynote Women's March Saturday in Springfield
* Chicago mayor vows to step up Amazon second headquarters bid
* Under the Dome Podcast: More Blago-Pritzker talk, Rauner confirms Duke is racist
* U of I withdrew 35 job offers after background checks


* Selzer named cancer center development director
* End of HIV needs community support
* Area Calendar 1/19/18
* Daily Digest 1/19/18
* Police reports
* Fire calls
* Rick's Six: Mild temps, bridge closure, TV debut for Q-C family and Street legacy endures
* How to stop stigma of mental illness? First, start talking, Decatur panel says
* Report: Lower drunken-driving limit to 0.05
* New device at St. Elizabeth's helps monitor heart failure symptoms


* Feder: Cumulus opts out of White Sox, Bulls, 101 WKQX, The Loop
* Digger the dog still missing, but lawsuit over escape settled
* Dawn Patrol: Rauner promises property tax fix
* Why these suburban women are still energized by Women's March
* Glen Ellyn to study new Metra train station, pedestrian tunnel

* Teacher raised in Yorkville running agains...
* Tioga State Bank president and CEO address...
* Suburban Democrats line up to challenge Ro...
* Kane County assessor: No guarantee your ta...
* Hultgren joins fellow lawmakers fighting t...
* This RSS feed URL is deprecated
* Congressman Randy Hultgren Disagrees with ...
* Bipartisan Illinois criticism follows Trum...
* Letter: Talk to tax preparer about GOP tax...
* Rep. Hultgren: It is Not Safe for Salvador...

* This RSS feed URL is deprecated...

* This RSS feed URL is deprecated...
* Trump accuses Russian Federation of assist......

* Guitarist Randy Randall on how No Age have adapted to family time—and what their odd new album title means
* This Week on Filmstruck: Anna Magnani
* Chicago makes 1st Amazon.com cut, but does that mean one makes the team
* Swedish trumpeter Goran Kajfes combines psych, prog, and African music into a vision all his own
* Anita Alvarez’s campaign consultants gave her talking points before she announced charges against Jason Van Dyke, and other Chicago news
* Gov rejects handing more powers over to McHenry County Bd Chairman
* Rauner calls for bill to ban Madigan from appealing property taxes
* New IR Poll: Who will win Illinois' 2018 Democrat Party gubernatorial primary?
* Thorner: Chicago celebrates life in single digit temps
* Illinois Review poll draws attention as Ives supporters outnumber Rauner's


* Illinois Awarded Funds to Offer Advanced Training on Detecting Impaired Driving
* Illinois EPA Announces Upcoming Household Hazardous Waste Collection Events
* IEMA Highlights Emergency Preparedness for People with Access and Functional Needs in May - Ready Illinois website offers preparedness tips for people, caregivers
* First Lady Launches Illinois Family Connects
* Governor and Lt. Governor Unveil 2016 Journal of Local Government Shared Service Best Practices

  
* Both Apple and Samsung targeted by Italian antitrust probe into planned obsolescence
* T-Mobile and MetroPCS destroy the competition in J.D. Power satisfaction ratings
* South Korea, Italy also calling out Apple for slowing iPhones
* Investigations into Apple's iPhone Battery Slowdowns Spread to Italy and South Korea
* No G7 at MWC, but ‘upgraded’ LG V30 with improved AI features could be on display
* Affordable LG X4+ goes official with rugged design, Hi-Fi DAC, LG Pay support
* Why do Sony Xperia phones still exist? “The next paradigm shift.”

* Inbox: Who replaces Rodon in the rotation?
* 2018 South Side Sox Hall of Fame Ballot
* With maturity comes lofty expectations for Eloy
* Collins ranked MLB's No. 9 catching prospect
* With maturity comes lofty expectations for Eloy
* Pirates rebuild not met with enthusiasm
* Moncada guiding Robert during mini-camp


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

Archives
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
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




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