New stadiums for the Chicago Bears and White Sox without any new taxes! It’s possible!

"When you know Bigger, you GO BIGGER!" (8 of 10 Episodes)

10 min · 14 nov 2025
aflevering "When you know Bigger, you GO BIGGER!" (8 of 10 Episodes) artwork

Beschrijving

We explore PSC Chicago's newest proposal to merge the newly enacted Northern Illinois Transit Authority (NITA) with the proposed Great Lakes Development Authority (GLDA) to form the Midwest version of the NY NJ Port Authority, with the power to drive economic growth in Illinois for the next 100 years.

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aflevering NEW UPDATE "Capital Structures" - How the Renaissance Campus enables the Chicago Bears to build their proposed stadium in the Soldier Field South parking lot as a publicly owned regional transit hub. artwork

NEW UPDATE "Capital Structures" - How the Renaissance Campus enables the Chicago Bears to build their proposed stadium in the Soldier Field South parking lot as a publicly owned regional transit hub.

Episode (10 of 10) - The Renaissance Campus capital stack strategically mixes public and private ownership to fund Chicago mega-projects without new taxpayer debt while avoiding major construction roadblocks. By having the Great Lakes Development Authority officially own the new stadium as a "publicly owned regional utility," the project gains legal immunity to block lawsuits from groups like Friends of the Parks who rely on lakefront protection rules to stop private developments. Conversely, keeping specific land acquisitions—like Justin Ishbia's purchase of the Amtrak Coach yard—privately owned allows the project to completely bypass years of strict federal environmental reviews, like NEPA. Ultimately, this financial design leverages public ownership for lawsuit protection and private capital for construction speed, ensuring these critical upgrades are built significantly faster.

16 apr 202619 min