Chicago Fire Muscle In On White Sox’s Dream Of South Loop Stadium
The post Chicago Fire Muscle In On White Sox’s Dream Of South Loop Stadium appeared on BitcoinEthereumNews.com. CHICAGO, ILLINOIS – OCTOBER 17: New coach Gregg Berhalter of the Chicago Fire poses for a photo with … More owner Joe Mansueto during a press conference at Waldorf Astoria Chicago on October 17, 2024 in Chicago, Illinois. (Photo by Michael Reaves/Getty Images) Getty Images The Chicago Fire is poised to end the long search for a stadium that will be embraced by soccer fans. But the Fire’s gain could prove to be a loss for Jerry Reinsdorf and the Chicago White Sox. Fire owner Joe Mansueto announced on Tuesday he has reached an agreement to build a 22,000-seat stadium in the South Loop, on the 62-acre site, which the Sox had previously identified its ideal future home. Reinsdorf has said the White Sox cannot remain viable at The Rate, its home since 2003, due to an inability to generate revenue to compete with the top teams in Major League Baseball. The team released renderings of a stadium in the development known as The 78 last summer, emphasizing both the potential beauty and versatility of this underused land east of the Chicago River, but has failed to gain traction in its push for public funding for the project, estimated at $1.25 billion. Like the Bears’ push for a ew stadium either in suburban Arlington Heights or downtown, the White Sox’s lobbying efforts did not lead to any funding measures being introduced in the spring session of the Illinois General Assembly. You would think Reinsdorf and George McCaskey would not have enjoyed a message Mansueto is sending about privately financed sports venues. “It is my belief that these stadiums should be privately financed,” Mansueto said. “Most of the value accrues to the sports team. So it’s only fair that the sports team shoulders the cost of its construction.” Mansueto, 68, founded…
The post Chicago Fire Muscle In On White Sox’s Dream Of South Loop Stadium appeared on BitcoinEthereumNews.com.
CHICAGO, ILLINOIS – OCTOBER 17: New coach Gregg Berhalter of the Chicago Fire poses for a photo with … More owner Joe Mansueto during a press conference at Waldorf Astoria Chicago on October 17, 2024 in Chicago, Illinois. (Photo by Michael Reaves/Getty Images) Getty Images The Chicago Fire is poised to end the long search for a stadium that will be embraced by soccer fans. But the Fire’s gain could prove to be a loss for Jerry Reinsdorf and the Chicago White Sox. Fire owner Joe Mansueto announced on Tuesday he has reached an agreement to build a 22,000-seat stadium in the South Loop, on the 62-acre site, which the Sox had previously identified its ideal future home. Reinsdorf has said the White Sox cannot remain viable at The Rate, its home since 2003, due to an inability to generate revenue to compete with the top teams in Major League Baseball. The team released renderings of a stadium in the development known as The 78 last summer, emphasizing both the potential beauty and versatility of this underused land east of the Chicago River, but has failed to gain traction in its push for public funding for the project, estimated at $1.25 billion. Like the Bears’ push for a ew stadium either in suburban Arlington Heights or downtown, the White Sox’s lobbying efforts did not lead to any funding measures being introduced in the spring session of the Illinois General Assembly. You would think Reinsdorf and George McCaskey would not have enjoyed a message Mansueto is sending about privately financed sports venues. “It is my belief that these stadiums should be privately financed,” Mansueto said. “Most of the value accrues to the sports team. So it’s only fair that the sports team shoulders the cost of its construction.” Mansueto, 68, founded…
What's Your Reaction?
