Cmschert
40 posts





George McCaskey's legacy is on the line, so it's time to hear from the Bears chairman in the stadium debate, writes @DavidHaugh. shorturl.at/Jmt4a


For full transparency reasons... While responding to someone, I went to prove the tax rate in Arlington Heights was indeed the 9% that I listed originally. It was not that rate for 2024 (2025 rates are not available yet). The rate is actually over 10%. This made me double check my math and the information I pulled, and I was actually missing multiple parcels for the United Center. POINT STILL STANDS... but I think we should be honest and transparent. Again, I want to leave emotions out of this. I also looked into Wrigley Field per a conversation - that one is a little more difficult. Corrected Numbers... New Bears Stadium (Arlington): Est. Market Value: $2,400,000,000 Est. Taxable Value: $600,000,000 2024 Equalizer: 3.0355 2024 Tax Rate: 10.381% Level of Assessment (5-97): 25% Cost to build: $2-3 Billion Estimated Prop Taxes: ~$189,069,153 United Center: Market Value: $121,815,880 Taxable Value: $30,453,970 2024 Equalizer: 3.0355 2024 Tax Rate: 6.643% Level of Assessment (5-97): 25% Cost to build: $175,000,000 (1994) Market Value vs Original Cost: ~70% Estimated Prop Taxes: ~$6,140,990 Difference vs Bears Est. Taxes: ~$180 Million Wrigley Field: Market Value: $165,785,710 Taxable Value: $16,578,571 2024 Equalizer: 3.0355 2024 Tax Rate: 6.868% Level of Assessment (7-97): 10% Cost to renovate: $750,000,000** (2019) Estimated Prop Taxes*: ~3,456,270 Difference vs Bears Est. Taxes: ~$185 Million ** Includes neighboring development *Stadium Only SoFi Stadium: Property Taxes: $8,900,000*** Difference vs Bears Est. Taxes: ~$180 Million\ ***Highest property tax bill for a current stadium in the United States. Wrigley Field has a special incentive property classification (Class 7 Incentive) which makes the taxable value 10% of the Market Value rather than 25% like most other commercial properties. Wrigley Field was difficult to identify everything. Some recent reports have their taxes at only $2.7mm. #DaBears




















@chambleebrandel omg you're take on @GolfCentral was so spot on. PGA Tour doesn't need Liv. No deal!














