The Bears are facing a challenging task in securing taxpayer money for a new stadium. In an effort to address this issue, Bears CEO Kevin Warren spoke at the 120th annual meeting of the Chicagoland Chamber of Commerce, urging the city’s business community to support the project.
Warren emphasized the importance of the new stadium in the city’s future growth, noting that without it, Chicago’s decline in global rankings and lack of development could continue to plague the city. However, there has been resistance from politicians regarding public funding for the project, which is a common trend in many cities and states.
When it comes to NFL stadiums, securing public funding can be difficult given the rising values of franchises. The Bears do not have the option of moving out of Chicago, making it challenging to negotiate for funding from the city. With limited options, the Bears may need to consider building the stadium themselves or foregoing the project altogether.
