Bloomberg News reposted this
The Chicago Bears are planning to leave Soldier Field to build a new stadium in suburban Arlington Heights. The debt for renovations to the stadium, a Chicago Park District facility, from two decades ago is still lingering. It was supposed to be covered by a hotel-room tax. Since the pandemic, however, the city has had to step in with its own funds because that revenue has fallen short even though tourism has rebounded, creating a dynamic that's threatening to siphon off tens of millions of dollars. Read my latest about the intersection of sports and public finance here: https://lnkd.in/eEcAdNyE