Carolina Panthers officials swear their economic impact numbers are real, they just can’t prove it
Several weeks ago, the Carolina Panthers were given $650 million by the city of Charlotte to renovate their current NFL stadium. Nevermind that the Panthers owner has a less-than-perfect history of following through on commitments (then refuses to talk about it publicly). Nevermind that he is one of the richest men in the entire world. Maybe one of the worst owners too, but that is for another time. Anyway, since the deal was approved several weeks ago, some city leaders have been getting…
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How dare the city of Chicago ask the Bears to pay property taxes like everyone else
The Chicago Bears publicly admitted to buying land in nearby Arlington Heights to likely build a new stadium. However, it appears that a Chicago (technically Cook County) assessor is now holding the Bears accountable for future property taxes on this land. The county assessor raised the property tax value of this land by six times (applies to tax year 2022 and beyond), and that does not even include the construction that will be done.
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Owners love to give deadlines for new stadiums. They mean nothing.
In fact, the Florida Marlins would stay at their place for several more years and win a World Series in Sun Life Stadium. It wasn't until 2009 that they were able to screw-over or con or get Miami to give them at least $300 million in taxpayer money for a new ballpark. Opps, I meant to say $500 million in taxpayer money.
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