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.


* McCann tries to turn the Madigan issue back on Rauner
* Rauner says he'll soon announce "several really exciting" results of his trade mission
* Our sorry state
* It's just a bill
* *** UPDATED x2 - Pritzker, Mendoza respond *** Rauner gets it half right while denying all blame
* ¯_(ツ)_/¯
* Question of the day
* Gun dealer licensing bill may reboot
* PPP: Rodney Davis up by only 3, Hultgren ahead by just 4
* Rate the new Sam McCann campaign video
* Way out of context
* Did Tazewell County and Chicago ignore state law?
* Rauner calls legislators "rascals" ahead of budget talks
* *** LIVE *** Session coverage
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

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

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

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

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

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

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

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


Loading


* Illinois Senate views marijuana as opioid alter.....
* State-financed workers' comp insurance company .....
* Illinois Governor's race on pace to be most exp.....
* Pritzker Kicks Off Middle Class Tour in Rockford..
* Pritzker in East Moline promoting jobs plan..


* School district sued for sexual abuse by former teacher
* Police suspect Rockford woman killed by ex-boyfriend
* State-financed workers' comp insurance company gets House OK
* US won't step in to stop ex-Lithuanian judge's extradition
* Illinois Senate views marijuana as opioid alternative
* Advocates urge lawmaker curb on Medicaid managed care switch
* Illinois Senate OKs stand-alone bump-stock ban
* Servers allege sexual harassment at Chicago-area restaurant
* Man convicted of killing 5 in 1972 granted parole
* Illinois nurses to complete sexual assault training sooner

* Bill that allows patients to sub opioids for pot clears Senate
* McCann threatens to sue to get Senate staff support
* Bump stock ban passes Illinois Senate
* Statehouse bill would give tax breaks to Illinois construction projects
* AFSCME wants step increases now
* McCann threatens to sue to get staff support
* Bill would give tax breaks to construction projects
* Illinois nurses to complete sexual assault training sooner
* A 48,000 percent return on a painting may be Illinois' best investment
* Schoenburg: Libertarian Kash Jackson wants to protect rights

* WTTW parent picks a new CEO
* The rich are betting on living to 100
* Rauner needs to do more than talk—and veto—on gun violence
* It's a bad time to stop making small cars
* AbbVie must escape the long shadow of Humira's decline


* Illinois Senate OKs stand-alone bump-stock ban
* Dear Abby: Friends want me to date but won’t set me up
* Glen Ellyn man gets 23 years in prison for robbing 7-Eleven store
* Bears draft, Day 2: DE Harold Landry, C James Daniels among best available
* White Sox’ Lucas Giolito gets revenge on ex-Cub Jorge Soler in first win of year
* Man charged with sexually assaulting woman in Lake View apartment building
* Books: Publishers Weekly best sellers for the week ending April 22
* Police investigating woman’s death in Aurora
* Man, 63, reported missing from Gresham
* 2 wounded in Austin shooting


* Asian stocks follow Wall Street higher after strong results
* Kim Jong Un Kim says he and Moon Jae-in are on the starting line of a new Korean history
* Kyle Schwarber home run enough for 1-0 Cubs victory over Brewers
* Roquan Smith says it’s ‘going to be insane’ playing with Leonard Floyd again
* Bears draft linebacker Roquan Smith with eighth pick
* Roquan Smith hoping to find his place in Bears' rich tradition at linebacker
* Defending his record to Congress, EPA chief Pruitt shifts spending blame to staff
* With new allegations against Tom Brokaw, NBC faces skepticism in remedying sexual harassment
* Two shot after string of carjackings on North Side: 'I was shaking so much I could barely stand'
* Smart move, Ryan Pace: Isn't Chicago where the Butkus Award winner belongs?


» April 26, 2018 - Full Show
» Chicago Band The Claudettes' New Album Fueled By New Vocalist
» State And Local Gun Laws; Continuous Struggle Of Public Universities; McDonald’s New Headquarters
» Reporter Finds Carrying A Gun Carries Weighty Responsibility
» Illinois Lawmaker Considers Legislation After Nashville Waffle House Shooting
» Gun Owners Rally In Springfield While Gun Dealer Lincensing Veto Remains
» April 25, 2018 - Full Show
» Illinois State Fairgrounds Named On Endangered Historic Places List
» Food, Agriculture And Politics In The Next Farm Bill; Evangelicalism In The Age of Trump
» A Flexible Schedule Is The Wellness Benefit Workers Want


* Bill that allows patients to sub opioids for pot clears Senate
* McCann threatens to sue to get Senate staff support
* Guest View: Illinois is middle of the pack when it comes to best practices for the opioid epidemic
* Eugene Robinson: Cohen needs to ask himself: Does Trump have my back?
* Thumbs Down: To the same old, same old in Illinois politics
* Michael Gerson: Conservatism's high calling is to humanize change
* Bump stock ban passes Illinois Senate
* Statehouse bill would give tax breaks to Illinois construction projects
* AFSCME wants step increases now
* McCann threatens to sue to get staff support


* Toni' Intravaia
* Boil order lifted in Murphysboro
* Clifton E. Lawrence
* James F. Perrotto
* Oleva L. Dick
* Two employees reinstated by Saline County Board
* Godfrey terror suspect's lawyer seeks 2nd mental fitness evaluation ahead of May trial
* Parkland Softball vs. Rock Valley
* PCHS ROUNDUP: Seniors in spotlight at Dragon Invitational track meet
* Legislation could increase rent for some Decatur public housing residents. Here's why.


* Softball scoreboard: Thursday, April 26 results
* Girls track scoreboard: Thursday, April 26 results
* Girls soccer scoreboard: Thursday, April 26 results
* Girls water polo scoreboard: Thursday, April 26 results
* Girls lacrosse scoreboard: Thursday, April 26 results

* Senators Make Bipartisan Push to Boost Car...
* Letter: Leaders should step up for Earth
* A record number of women are running for o...
* This RSS feed URL is deprecated
* Rep. Randy Hultgren recognizes Loyola men'...
* Capitol Fax.com - Your Illinois News Radar...
* Parkview students visit Washington D.C. | ...
* Are Illinois Congressmen safe in wake of D...
* US asks China to release 11th Panchen Lama...
* It's official: If you prepaid your propert...

* Jared Kushner Can't Get Lawmakers to Suppo......
* Editorial: Congressional intervention woul......
* User data is valuable — so companies shoul......
* British MPs say they may try to compel Zuc......
* Pompeo confirmed for Secretary of State; D......

* Duckworth comes back to Senate with her ba......
* Senate Narrowly Confirms Mike Pompeo for S......
* Straight, clear thinking from women in pow......
* On Twitter, Hillary Clinton is a 'wife' ab......
* Tammy Duckworth and Working Moms Like Mine...

* Lakeside Center Career & Training Fair at Olive-Harvey College #Ward09
* Stanley Moore: The Reintroduction of Rope a Dope
* Chicago-based Kitchen Toke, the first zine devoted to cooking with weed, preaches the green word
* If you can’t smoke weed right now, you might as well read about it
* Rauner delves into ‘robot’ mode – spewing lines about “Madigan pawns”
* High rents force Wishbone out of its West Loop home after 26 years
* All Chicago Public Libraries To Be Closed On Tuesday, May 1st
* Deep Learning Models That Predict Conflicts In Online Communities
* Instructional design improves engagement in online courses
* Fast track degrees can pay off for students and institutions, but there’s a caveat


* IEMA Highlights Role of Volunteers in Disasters
* Governor Rauner activates State Emergency Operations Center in Springfield
* February Flooding Information
* IEMA Urges People to Prepare for Severe Weather
* Governor issues state disaster proclamation for flooding in Iroquois, Kankakee, Vermilion Counties

  
* Android 8.0 Oreo update tracker – April 27, 2018
* SwiftKey update lets you customize the toolbar, beta version gets small visual refresh
* Amazon Fire HD 10 going for as low as $100
* LG G7 taller and brighter teaser, Galaxy S9 Active rumors & more – Pocketnow Daily
* Apple may drop 3D-Touch on upcoming entry-level LCD iPhone
* Why running a Medium column will do more for your company than a traditional blog
* Nintendo is releasing a new mobile RPG this summer

* Renteria to miss 3 games for mother's funeral
* White Sox Minor League Update: April 26, 2018
* White Sox go deep five times to topple Royals
* Deep Space Five
* White Sox go deep five times to topple Royals
* South Side Sox Roster Ranking: Round 21
* White Sox go deep five times in six frames


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

Archives
April 2018
March 2018
February 2018
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