* Subscribers were also briefed this morning. Tribune…
The Chicago Bears are prepared to provide $2 billion in private funding for a new publicly owned enclosed stadium and park space in the city, the team confirmed Monday.
The lakefront site would replace Soldier Field and increase open space on the museum campus by 20%, and provide a prime location to host the Super Bowl, NCAA Final Four and year-round community events, a source familiar with the deal said. […]
“This investment will enhance our reputation as a world-class city and tourist and convention destination,” [Chicagoland Chamber of Commerce President and CEO Jack] said. “And it will encourage more investment.”
A city ordinance generally prohibits private development on the lakefront. The nonprofit group Friends of the Parks filed suit and defeated a previous plan by Star Wars creator George Lucas to build a museum south of Soldier Field. The team is expected to meet with the group soon to share its plans.
* ESPN…
Although the team has not released renderings of its proposed lakefront stadium, a source confirmed the location would be immediately south of the current site of Soldier Field and would maintain parking in the south lot. […]
The public component for the proposed lakefront stadium is not yet known. […]
Should the Bears succeed in their plan to build a new lakefront stadium, a source indicated the team likely will put the Arlington Park property up for sale.
* NBC 5…
The Bears plan to invest more than $2 billion of private funding into the project, which would also increase open space in the area by 20%, the source said.
That open space would include plazas, paths, landscaped areas, lakefront access and more. That effort — creating more public spaces in the redevelopment of the area — appears aimed at placating preservation group Friends of the Parks, which successfully sued to prevent George Lucas from building a museum along the lakefront and has previously voiced opposition to the team’s construction of any new stadium project on Museum Campus. […]
Complicating the ask for public funding is the money still owed on both teams’ stadiums. The Illinois Sport Facilities Authority, which issued bonds for the construction of both stadiums, owes $589 million on the 2002 renovation of Soldier Field and $50 million on Guaranteed Rate, which opened in 1991. Those bonds are paid in part through the state’s 2% hotel tax, but if those revenues can’t make the multi-million dollar payments, Chicago’s share of the state income tax picks up the shortfall. Guaranteed Rate’s bonds are slated to be paid off in 2029, while the Soldier Field deal runs through 2032.
* ABC 7…
A previously floated plan, included a partnership between the White Sox and the Bears to build two new stadiums in the city at the same time, but in this new version, sources said the Bears would go it alone. […]
Arlington Heights Mayor Tom Hayes said in a statement, “We did not receive a courtesy call from the Bears about this and have seen nothing in writing, so no comment at this time other than we know it’s a long way from a done deal at either location.”
* Mayor Brandon Johnson…
I have said all along that meaningful private investment and a strong emphasis on public benefit are my requirements for public-private partnerships in our city. The Chicago Bears plans are a welcome step in that direction and a testament to Chicago’s economic vitality.
I look forward to subsequent talks with the Bears, State leadership and community stakeholders about how we can continue to responsibly support the aspirations of the team, its fans and all residents of the City of Chicago.
* Bears President and CEO Kevin Warren…
“The Chicago Bears are proud to contribute over $2 billion to build a stadium and improve open spaces for all families, fans and the general public to enjoy in the City of Chicago. The future stadium of the Chicago Bears will bring a transformative opportunity to our region—boosting the economy, creating jobs, facilitating mega events and generating millions in tax revenue. We look forward to sharing more information when our plans are finalized.”
* After laying out the plan in quite a bit of detail, Fran Spielman has some questions…
• Where is that private money coming from, and how much of it is from the National Football League?
• Would the team sell naming rights to the new stadium? That wasn’t viable at Soldier Field, given its war memorial status.
• If bonds are issued to help fund the stadium, which public entity would issue them, and what tax would be used to pay off those bonds?
• What are the infrastructure costs at the lakefront site?
• Would public transit along the lakefront be improved to allow better access to the stadium?
The team also released a few poll results, but they didn’t include the questions asked and several other important aspects, so I’m choosing not to share the numbers they did release.
…Adding… Rep. Mark Walker (D-Arlington Heights)…
“From the Bears’ first announcement to purchase Arlington Park, I’ve been open to the team’s move to Arlington Heights, but reaching a fair deal for all has always been the priority. As I’ve said before, I trust the Bears when they say they’re exploring all options in the best interest of their company. If they go forward with their lakefront plan, it’s our responsibility to make the best decision for Arlington Heights, Rolling Meadows, and our neighboring communities as well. I look forward to the many interesting proposals to come on the future of Arlington Park like new business development, more affordable housing, or welcoming centers for new arrivals.”
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Live coverage
Monday, Mar 11, 2024 - Posted by Rich Miller
* You can click here or here to follow breaking news. It’s the best we can do unless or until Twitter gets its act together.
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Isabel’s afternoon roundup (Updated)
Thursday, Mar 7, 2024 - Posted by Isabel Miller
* Press release…
Today, Governor JB Pritzker joined Primient leadership, the Department of Commerce and Economic Opportunity, and local stakeholders to celebrate Primient’s new investments in Decatur. With this milestone $400M investment over the next 5 years in infrastructure and operations, Primient will improve refining and drying practices and further ensure quality and reliability for decades to come. A leader in sustainable food and industrial ingredient production, Primient is the sole corn wet miller to replace coal use at every facility with more sustainable energy sources.
“Illinois is open for business, and we’re showing the rest of the nation that business development and environmental sustainability go hand-in-hand,” said Governor JB Pritzker. “I couldn’t be prouder to join Primient leadership as they announce a historic $400 million capital investment here in Decatur. Today’s announcement doesn’t just secure Primient’s status as a market leader — it speaks to their commitment to serve as a true community partner.”
“In Illinois, we embrace innovation. We are ready to make changes that will protect our land for future generations and it’s exciting to partner with businesses who share that goal,” said Lt. Governor Juliana Stratton. “I look forward to seeing how Primient will use these funds to propel sustainable energy. This is the kind of work that will ensure Illinois’ long-term economic and environmental success.”
Primient’s Decatur facility investments will prioritize a few key projects:
- Modernizing and upgrading feed, germ, and drying processes,
- Improving syrup refining reliability and efficiencies,
- Enhancing safety and equipment capabilities,
- Updating employee spaces such as lunch and locker rooms,
- And providing additional training and development opportunities and programming.
[…]
The investment aims to guarantee the Decatur site’s future for the next 20 years, with technological and environmental considerations to ensure prosperity. As a long-term community partner, Primient has increased corn processing capacity by 10 million bushels, locally sourced, and created hundreds of jobs for Illinoisans.
As part of the expansion, the company received an Economic Development for a Growing Economy (EDGE) tax credit, which stipulates a $40 million minimum investment and creating 50 new full-time jobs and retaining nearly 540 full-time jobs. A link to the full agreement can be found here. (Note: Agreement will be on this site when executed).
* Illinois Hotel and Lodging Association…
The Illinois Hotel & Lodging Association (IHLA) released the following statement applauding the Senate Environment and Conservation committee for passage of SB 2960, which will ban single use toiletries in hotels.
“The Illinois Hotel & Lodging Association applauds the Senate Environment and Conservation committee for passage of SB 2960, which will ban single use toiletries in hotels. While most hotels are already in compliance with this bill and have proactively replaced these products with more environmentally-friendly options, we remain committed to strengthening sustainability efforts and reducing waste within our industry. We thank Sen. Laura Fine for her leadership on this measure, which will codify these practices into law and make common-sense sustainability effort the baseline for Illinois hotels,” said Michael Jacobson, President and CEO of the Illinois Hotel & Lodging Association.
* Press release…
Illinois Senate Republican Leader John Curran (R-Downers Grove) was joined at a March 7th Capitol press conference by Senator Dave Syverson (R-Cherry Valley) and Senator Sally Turner (R-Beason) to talk about legislation he is sponsoring to require an annual report to the General Assembly identifying all state spending on services and resources for migrants. […]
Curran’s Senate Bill 3170 would require the Illinois Department of Human Services to work with relevant State agencies, to prepare an annual report to the General Assembly identifying all state spending on services and resources for migrants. It would also be made available to the public on the Department’s website.
…Adding… From the governor’s office…
Following Donald Trump’s orders, Senate Republicans are blowing their racist dog whistle and conflating different immigrant populations to vilify human beings for their political gain. Whether it’s the Governor of Texas shipping people across the county creating a humanitarian crisis or Republican legislators complaining that people who call Illinois home are getting services they need, Republicans are once again proving their only focus is on dividing us. Just because they do not agree that we should live up to our duty to care for people, doesn’t mean information about how we’re doing that isn’t already publicly available. Instead of their ridiculous political theater, the super minority party should be focused on working with their colleagues in the General Assembly to vote for a balanced budget that invests in the very services they claim they care so much about.
Whew.
* Press release about a bill that’s now heading to the governor’s desk…
Today, the Illinois House of Representatives passed HB779, a rewrite of the Pawnbroker Regulation Act (PRA). Upon passage, a coalition of consumer advocates – including AARP, the Catholic Conference of Illinois, the Chicago Urban League, and Woodstock Institute – and financial technology (fintech) companies (the “Coalition”), sent a letter to Governor Pritzker identifying the pros and cons of the bill.
Among the pros: the bill prohibits pawnbrokers from making auto title loans, which is a problem in other states. The bill also empowers the Illinois Department of Financial & Professional Regulation (IDFPR), to collect data about every pawn loan made in the state.
Among the cons: the bill permits pawnbrokers to continue charging 240%+ APR on loans less than $500.
“This bill is a ‘mixed bag’ from a policy perspective. Unable to compete with the pawn industry’s considerable resources, we decided to remove our opposition to the bill and take “No Position.”” said Brent Adams, Senior Vice President of Policy & Advocacy at Woodstock Institute. “The interest rates are still too high, but HB 779 lowers the rate on loans of $500 and above. A critical component of HB 779 is data collection, which is intended to enable the stakeholders to revisit the issue of interest rates at a future date. We are grateful for the leadership of State Senator Elgie Sims, who spearheaded negotiations in the Senate and signaled a commitment to addressing rate-related concerns in the years to come.”
Earlier this year, Woodstock released a report, which showed that Illinois consumers have saved over $600 million thanks to the 36% interest rate cap on consumer loans that was established in 2021. Woodstock’s report stated that there is a high probability that some of the money saved by consumers on payday and auto title loans was spent on pawn loans. The report pointed to Ohio where, after enacting a cap of 28% APR on payday loans, there was a 97% increase in pawn shops.
Caps on pawn loan finance charges vary considerably among the states. Michigan caps pawn loans at 36% APR plus a $3 per month storage fee while Kentucky permits a pawnbroker to charge as much as 264% APR. Iowa has no cap.
In recent years, more states have established rate caps and resisted industry efforts to raise rates. New Mexico established a 36% rate cap on installment loans modeled after the Illinois law. Colorado and Minnesota reduced the allowable APR on certain small short-term loans, and Florida’s governor vetoed a bill last year that would have raised interest rates on installment loans to 36%.
* A little taste…
* Here’s the rest…
* Sun-Times | Why aren’t more families in need getting food aid from federal nutrition program WIC?: This paradox of increased need and lower participation is due to several factors, advocates say, including barriers to apply for and maintain benefits, lack of awareness and, for some, fear stirred by misinformation.
* Daily Herald | Illinois Bar Association makes recommendations for Cook County judicial candidates: For the Illinois Supreme Court, the ISBA found Jesse G. Reyes and Joy Virginia Cunningham highly qualified. For the First District Appellate Court, the association found Mary Lane Mikva, Cynthia Y. Cobbs, Celia Louise Gamrath, Leonard Murray and Carl Anthony Walker highly qualified.
* Press release | Fraternal Order of Police, Chicago Lodge No. 7, offers endorsements in some Cook County judicial races
* RiverBender | Duckworth Meets With Illinois Farm Bureau’s New President Brian Duncan: “America has always depended on our nation’s farmers to grow the food and fuel we need—and I’m always proud to advocate for them on both the national and international stage any time I get the chance,” said Duckworth. “The work of Illinois’s farmers is so important to the strength of our state and our nation, and I look forward to working with the Illinois Farm Bureau President Duncan to support farmers across the state to make sure they have the resources and information they need.”
* Naperville Sun | Community members chant ‘cease-fire now!’ after Naperville council doesn’t respond to resolution request: As was the case at the last meeting, council members didn’t speak to the comments or make any indication that a local cease-fire resolution is something they’d consider. Aggravated, cease-fire supporters remained in the council chambers at meeting’s end in an effort to get some response from officials before they left.
* SJ-R | Former employee: Springfield principal moved because of ‘failed leadership,’ not race: Jackson, a veteran of the District for more than 25 years who is Black, became a focal point of the Feb. 20 school board meeting when her reassignment to coordinator of SCOPE (Serving Children of Parents Employed) program was singled out by a board member. [District 186 Superintendent Jennifer Gill] said Tuesday at the District’s office that the letter was “mistimed,” and she had already begun to have conversations with Jackson about moving to SCOPE.
* Block Club | Anti-Gentrification Ordinance Protecting Homes Near The 606 And Pilsen Could Be Extended: A demolition surcharge ordinance approved by City Council in 2021 imposes up to $15,000 in fees on developers who tear down single-family homes and multi-unit buildings in parts of Humboldt Park, Logan Square and Pilsen, which have seen rapid gentrification and displacement in the past decade.
* Crain’s | University of Chicago grad students reach tentative contract agreement: Union members will next vote to ratify the contract with a date to be announced soon. The union, Graduate Students United, or GSU, represents some 3,000 graduate students at the university. […] While the union has not yet released the details of the agreement, it said that it had raised PhD stipends to $45,000, a key proposal that the university and union had remained at odds over.
* Naperville Sun | Naperville City Council OKs maximum 32-ounce beer/cider servings — with limitations: The developer sought two changes to standing limits on behalf of tenants: an increase in the maximum serving of wine from six to nine ounces and the allowance of 32-ounce pours of draft beer/cider. Two proposed tenants, Ruth’s Chris Steakhouse and Yard House, sell the larger servings at their restaurants elsewhere.
* Daily Herald | Why EV charging could soon cost more in Des Plaines: The city council this week tentatively approved a new fee formula for city-owned charging stations. A final vote is expected at the council’s March 18 meeting. […] The proposed new rate is based on the supplier’s rate, with service and administrative fees added on. And rather than charging people based on the amount of time their cars are plugged in, the machines will compute fees based on kilowatt-hours of energy used.
* Sun-Times | Obama in Chicago to see prototype of 88-foot ‘Power of Words’ immersive exhibit: Obama’s belief in the power of words and storytelling is a theme for the museum — from design to content. In 2021, the foundation announced words will be part of the exterior design, with two upper walls of the museum tower featuring quotes from Obama’s 2015 speech marking the 50th anniversary of the Selma to Montgomery march that include, “America is not the project of any one person. The single most powerful word in our democracy is the word ‘We.’”
* Block Club | How Fred Mitchell Worked Chicago’s Political Machine To Give Black West Siders A Voice: Still, Janousek wanted to hear what Mitchell could offer. The 22nd Ward was changing — Polish and then Puerto Rican and Mexican residents had been moving into the area along with some Black families like Mitchell’s. To win elections — to hold onto power — Janousek’s ward organization needed to get the newcomers to the polls.
* CBS Sports | How to watch Southern Illinois Salukis vs. UIC Flames: Live stream, TV channel, start time for Thursday’s NCAA Basketball game: UIC is 0-4 against Southern Illinois since February of 2023 but they’ll have a chance to close the gap a little bit on Thursday. The UIC Flames and the Southern Illinois Salukis are set to clash at 9:30 p.m. ET at Enterprise Center in a Missouri Valley postseason contest. Both teams took a loss in their last game, so they’ll have plenty of motivation to get the ‘W’.
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* Rivian’s CEO just said that the company plans to start deliveries of its new R2 in the first half of 2026. How will they do that? By building the car at their plant in Normal.
More in a bit.
…Adding… Full remarks…
I’m excited to say that we’re going to be pulling the timing in to allow R2 to start deliveries in the first half of 2026. And we’re able to do that, we’re able to achieve that accelerated time by leveraging our production capabilities in Normal using our Illinois site to launch R2 and get that in the market as quickly as we can.
Now our Georgia site remains really important to us. It’s core to the scaling across all these vehicles between R2, R3, R3X. And we’re so appreciate of all the partnership we’ve had there. But being able to leverage the team, the skill, the passion we have in our Illinois facility to get that into the market, to get customers [the car] as quickly as possible. We are just ecstatic about that.
…Adding… Gov. JB Pritzker…
Once again, Rivian has reaffirmed a message I have been championing since day one of my administration—Illinois is one of the best places to do business in the country. I want to congratulate Rivian on the newest additions to their growing line of vehicles and look forward to seeing them on the roads very soon. Rivian’s latest announcement and related expansion will add more economic investment and job growth to the Bloomington-Normal community on top of the thousands of jobs they have already created. I’m pleased that Rivian is an important partner in building Illinois’s rapidly-growing manufacturing sector, and I look forward to working with them to continue to build the clean energy economy of the future.
Notice the word “expansion.” The plant is apparently getting bigger.
…Adding… Atlanta Journal-Constitution…
BREAKING: Rivian pauses plan to build $5B Georgia factory […]
“Rivian’s Georgia plant remains an extremely important part of its strategy to scale production of R2 and R3,” the company said in a statement. “The timing for resuming construction is expected to be later to focus its teams on the capital-efficient launch of R2 in Normal, Illinois.”
The decision to pause the factory will save Rivian more than $2.2 billion in comparison to waiting to launch R2 production in Georgia, the company said in a news release.
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* From Gov. Pritzker’s press conference today…
Q: Today, the House is expected to vote on the Chicago elected school board implementation. Literally, what we’ve seen the last couple of days, there’s been some division among the Democrats on which plan works better. Obviously, they voted on the hybrid model. So this appears to be another issue where we’ve seen the division of Democrats in the legislature as of late. So with this hybrid model, with this school board issue, where do you stand on this and what does this division in this latest issue say about the state of the Democratic Party?
Um, only two Senate Democrats voted against the bill on Tuesday. They have structured roll calls with more conflict than that.
But, yes, there was a strong disagreement between the two Democratic-dominated chambers about this issue for months. In the end, they worked it out and decided to get something done before the deadline.
* Pritzker didn’t respond to the Dems in disarray part, but he did say that he’s long supported an elected school board, and said he could support the current version as well. “Either way, I think the city of Chicago is doing the right thing,” he said. “The Chicago Public Schools will be better led by people who are representative of the people and not just appointed by the mayor of the city of Chicago.”
…Adding… And it’s important to note that the final vote has been more about a disagreement over foreign policy with the mayor than party differences over the bill itself…
Also, Rep. Jaime Andrade (D-Chicago) is now asking about the CPS policy going forward on selective enrollment schools, not an elected school board.
…Adding… The House just passed the bill 75-31-3.
…Adding… Speaker Chris Welch…
“With the passage of this legislation, we made history and we’re charting a brighter future for generations to come. Chicagoans in every part of the city can begin to circulate petitions to run for their school board in just three weeks and this November every Chicagoan will be able to vote for an elected representative who will answer to them. Today, we were able to keep our promise to allow every Chicagoan to have a say in their school board.
“I want to thank Rep. Ann Williams and the entire CPS Districting Work Group for getting this historic proposal across the finish line. It’s been a long, deliberate process, but this House Working group stood by the compromises that made this elected school board possible after years of negation. Thank you for your hard work and thank you for your continued commitment to getting this right for the children and families of Chicago.”
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