Monumental Sports was trying to claim on social media that the financing for the proposed arena would include the most amount of private funding for any project in recent memory and one of the least amounts of upfront state cash. One problem? It isn't remotely close to being true.
The Philadelphia Phillies have a history with Clearwater, Florida. Since 1947, the Phillies spring training facility and ballpark has been found here. But over the last decade or so, the Phillies have struggled to get money out of local city leaders. In early 2019, the Phillies asked for $40 million from tourist taxes for ballpark renovations and were flatly rejected. But now they are trying again. Maybe. We think.
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.
