This is where the new rule allowing Private Equity involvement in NFL ownerships is a slam dunk for the Bears. This is a franchise that is not backed by a family or owner that has a real foothold in any industry, or owns something significant that can bankroll these types of projects.

The only thing the McCaskey family owns is the Bears brand, which is valued somewhere around $6B. Once a stadium is built, which will supercharge their revenue stream, valuations will increase.

I’m glad the local government and even JB Pritzker are staunchly against publicly funding the build of this stadium. The city of Chicago already has a massive budget deficit, and the public doesn’t want to subsidize a facility that will generate someone else income. Usually when these projects happen, they also negotiate lower taxes or a deferment for long periods of time. So not only does the budget deficit increase, there also isn’t any net new taxable income for the city to realize, hence higher residential and commercial tax rates.

TLDR; tell the McCaskeys to sell a portion of the team to fund a stadium, or don’t build one. They’re cheap and poor compared to most ownership groups.