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Dan H Profile picture
Dan H
@WindyCityCritic
Jun 21, 2023 • 11 tweets • 6 min read
Bears Stadium Situation
Part 3
City of Chicago's Perspective

Soldier Field is endangered b/c of the 2002 renovation, new renovation cost, Chicago’s high debt, suburban stadium competition & lack of large stadiums events. If the Bears leave, Soldier will struggle to survive. Image The 2002 renovation of Soldier Field is not only one of the worst renovations, it was one worst stadium deals in US sports history.

2002 Renovation Cost:
$600M

Bears & NFL Owed:
$200M
Chicago Owed:
$400M

Current status
Bears & NFL Paid:
$200M
Chicago Paid:
$540M Image
Mar 7, 2023 • 21 tweets • 8 min read
Chicago Bears Stadium Situation
Part 2
The Bears Perspective

There are 2 parts to this issue:
1. Owning the Stadium
2. Location

The Cowboys are always in the top 3 most valuable teams & they do not own their stadium. 5 out of the top 10 most valuable, do not own their stadiums. A team that owns its stadium has a 4-6% higher revenue, between $20M-$40M. Does this outweigh the cost of building, maintaining and operating a stadium? No. The Bears don't own their stadium and make more revenue than the Commanders, who own their stadium. Image
Image
Feb 28, 2023 • 10 tweets • 5 min read
Chicago Bears Stadium Situation
Part 1: History

Since 1970, the Bears have tried to move outside of Chicago six times:
1970: Evanston
1975: Arlington Heights
1980: Notre Dame Stadium
1985: “McDome” Elk Grove/Hoffman Estates/Aurora
1995: “Planet Park” NW Indiana
2022: Arlington In 1970, the Bears were forced to leave Wrigley Field b/c the NFL required a 50,000 seat stadium. The team signed a short term lease w/ Soldier Field while it looked for a permanent home. 50 years later, the Bears are still at Soldier Field & still looking for a permanent home. Image
Sep 14, 2022 • 13 tweets • 6 min read
The McCaskeys have been planning this since Mugs Halas death. In 1979, the Brizoiara family owned 8% of the Bears, Mugs owned 20%, Virginia McCaskey 21% and the grandchildren 43%. When Mugs died, his kids owned 28% of the team, making them the most powerful shareholder. Image Virginia was the executor of Mugs estate since the Halas children were 11 & 13. In 1981, Virginia reorganized the Bears ownership with her father 87-year-old football player George Halas. It gave Virginia control by giving her the voting rights for the 51% of the grandkid’s stock Image