Chicago Reader

Tuesday, January 8, 2008

That was fast

Posted by Ben Joravsky on Tue, Jan 8, 2008 at 11:00 AM

On December 31 I was putting the finishing touches on a story praising Mayor Daley for taking a strong stand against a state handout to the Cubs, while warning readers that his steadfastness was probably only temporary.

By January 3, when the story came out, Daley had already caved. "I have an open mind," Daley told Fran Spielman of the Sun-Times. "I always have an open mind on an issue. And why not?"

Let me tell you why not: there is absolutely no public benefit whatsoever to this deal. Under the proposal being floated by Zell, the state -- specifically, the Illinois Sports Facilities Authority -- would buy Wrigley Field for a nominal sum as low as $1, then undertake a revamp of the stadium, building new parking, concessions, seats, etc. (Already the Cubs have landed the city's permission for additional seating and advertising -- never mind the ballpark's landmark status.)

It's a great deal for Zell. By agreeing to fix up the ballpark, the state raises the value of the Cubs franchise, which is already valued at around $1 billion. And it's a good deal for whoever buys the Cubs. The new owner would not only be off the hook for construction costs but would save millions by being exempt from property taxes.

As for public benefits, the deal's backers say they would require the new owner to sign at least a 30-year lease with the state. Big deal. The Cubs aren't going anywhere, with or without a state handout. Ownership would be stupid to: Wrigley Field is a cash cow. No matter how inept the team is -- and the Cubs, famously, can be very inept -- the seats sell because people love going to the "Friendly Confines." They wouldn't have the same allegiance to a new ballpark. Just ask the White Sox, who only sell out when they do well, and sometimes not even then.

In exchange for this "benefit," we the taxpayers will lose at least $50 million in property taxes (and that is a very conservative estimate) over the next 30 years. And that's so that one billionaire can make more money selling to another billionaire, who will then make more money running the team.

Now that Daley's showing signs of giving in, the main hope for killing the deal falls to 44th Ward alderman Tom Tunney, who says he's reluctant to back a handout for Wrigley.

Stay strong, Tom.   

Tags: , , ,

Comments (22) RSS

Showing 1-22 of 22

Add a comment

Generic user icon

Same old dog shit. time and time again. Daley is shit blah ha ha.

Posted by Same old story on January 8, 2008 at 11:03 AM | Report this comment
Generic user icon

Daley changed his mind after Zell told him that the Tribune would make is life miserable by the truths they print about Daley

Posted by crook county on January 8, 2008 at 11:23 AM | Report this comment
Generic user icon

I thought a city casino was somehow tied into Daley's moonwalking on this issue, as in the state would grease the wheels for a casino for downtown. At least I thought I read that somewhere...

Posted by Ben... on January 8, 2008 at 11:28 AM | Report this comment
Generic user icon

I dunno if the ticket sales would dwindle with a new park. You might lose some of the tourist trade, but Wrigleyville is still Wrigleyville. A new location, on the other hand, that might kill attendance.

Posted by whet on January 8, 2008 at 12:33 PM | Report this comment
Generic user icon

Putting your hopes in one alderman who was appointed by the Mayor to his seat doesn't bode well for the taxpayers. I can't wait to see how the Trib sport writers and financial writers put the spin on this one. But after the pledge to not use taxpayer money to finance the Mayors distraction bid for the Olympics was broken within weeks of his reelection, you would have to be naive to be shocked by the Mayor's turn around. My only question is when the finances of the City/County/State become so grotesquely out of balance (we are very near the tipping point) will the business community finally step up and fund the campaigns of some competent opponents to the political status quo - or will they just walk away and leave IL as a lost cause full of politicians who talk about 'rocking the system' or 'changing the way we do things' or ending 'pay to play' all the while acting completely the opposite? I am beginning to think it is time to jump before the whole thing sinks. But we do have casinos on the way – that will solve everything - right?

Posted by Disgusted on January 8, 2008 at 12:53 PM | Report this comment
Generic user icon

Zell is in Tunney's rolodex a taste: 12/31/2002 $500.00 Samuel Zell to Citizens for Tunney Zell wrote checks to Daley & Tunney and told them to go ahead and be skeptical for a few days, he'll understand

Posted by Hugh on January 8, 2008 at 1:08 PM | Report this comment
Generic user icon

Hugh: Is 500 dollars really going to matter to Tunney that much?

Posted by crook county on January 8, 2008 at 2:26 PM | Report this comment
Generic user icon

Disgusted: Was that appointment by the Mayor of Tunney to an aldermanic vacancy a life time appointment ? Or was that election last February just a figment of my imagination ?

Posted by T on January 8, 2008 at 4:21 PM | Report this comment
Generic user icon

Tunney ran unopposed in 2007 because no one has the fund-raising ability Tunney does. Money is everything in politics, and all the money is behind Tunney.

Posted by Money Talks on January 8, 2008 at 4:49 PM | Report this comment
Generic user icon

Whether or not you live in the 44th Ward, write Alderman Tunney (Ward44@cityofchicago.org) and encourage him to continue opposing the Zell-Wrigley handout. If you don't live in the 44th, write your own alderman as well and voice your opposition. Tunney needs allies! http://www.cityofchicago.org, click on "Your Ward and Alderman". Don't forget to contact your state representative, state senator and the governor. Regardless of where you live in Illinois, you'll be paying for this! http://www.elections.illinois.gov/DistrictLocator/AddressSearch.aspx

Posted by Get angry! on January 8, 2008 at 10:16 PM | Report this comment
Generic user icon

What will the 'new' owners of the Cubs pay to lease Wrigley Field from the state? And, would this amount, over the life of the lease, equal or exceed the total costs incurred by the taxpayers to repair their newly acquired property? And would the state, being the owners of Wrigley Field, have the right to offer it's lease to other interested parties, should the Cubs' new owner(s) decide they don't want to pay the required lease amounts needed for the taxpayers to recoup their investment, if not profit from it?

Posted by wheeler dealer on January 8, 2008 at 10:18 PM | Report this comment
Generic user icon

Tunney has never won a contested election. He was appointed and then did not have an opponent in the last election. If the muffin man is the last defense on a huge corporate give away, I wouldn't call that hope, but desperation.

Posted by RE: T on January 9, 2008 at 1:58 AM | Report this comment
Generic user icon

Seems like if Tunney was doing a bad job, there would be line of people running to unseat him. And the money argument is a red-herring. Diane Dixon did not need money to beat a do-nothing Mike Chandler.

Posted by T on January 9, 2008 at 5:31 PM | Report this comment
Generic user icon

The 'money argument' is never a red herring. Tom Tunney, or Tee Tee, as he's known to his friendlier constituents, has had the good fortune of being a guy in the right place, at the right time. It's demographics that's kept him in office, demographics and his willingness to provide a certain segment of his constituents with what they desire, leaving the rest of us to our own devices. A detailed scrutiny of the history of his actions and inactions will, no doubt, reveal the nature and substance of the kind of 'job' he's been doing. Other than those residents planning on being former residents of the 44th ward, all the ward's residents should make the effort to research his 'record' of activities.

Posted by wait for it on January 9, 2008 at 7:05 PM | Report this comment
Generic user icon

Why did Sandy Jackson not vote for the Jon Burge settlement???? An historic vote

Posted by Noah Robinson on January 9, 2008 at 8:22 PM | Report this comment
Generic user icon

"Re: T" -- After the aldermanic handoff from Bernie Hansen to Tom Tunney, Tunney did face a contested election in 2003 when five other candidates opposed him. He got slightly more than 50% of the vote and didn't have to go through a run-off election. Tunney's opposition to the Zell-Wrigley deal may be motivated by self-interest. A proposed means of financing the deal involves the 1% tax on restaurant meals now levied by the Metropolitan Pier and Exposition Authority for McCormick Place. Right now its northern boundary ends at Diversey, but the tax could be extended to Waveland Avenue or beyond -- and Tunney's Ann Sathers would feel the pinch. http://www.suntimes.com/news/metro/701566,CST-NWS-wrig18.article Regardless, encouragement not disparagement is needed. Moaning and groaning on forums like this one is not going to achieve anything. Action will. Voice your support of Tunney and contact your local and state elected officials.

Posted by Get angry! on January 9, 2008 at 9:01 PM | Report this comment
Generic user icon

"Tunney's opposition to the Zell-Wrigley deal ... Voice your support of Tunney ... " Tunney's "opposition" will have just about the same viability as Daley's - a 1st round of quotes in the paper for show.

Posted by Hugh on January 10, 2008 at 10:11 AM | Report this comment
Generic user icon

Is 500 dollars really going to matter to Tunney that much? If you're thinking of running against Tunney and you see 5 bills from a billionaire in the disclosures, it's worth a lot more to Tunney than face value.

Posted by Hugh on January 10, 2008 at 10:14 AM | Report this comment
Generic user icon

Is 500 dollars really going to matter to Tunney that much? Zell is a Tunney campaign contributor. It's a relationship. It's part of the story that was not reported. The Trib called Tunney for a quote but apparently didn't ask questions like, have you discussed this with Zell?

Posted by Hugh on January 10, 2008 at 10:21 AM | Report this comment
Generic user icon

Cynical inaction will get us nowhere. Keeping up the support -- and the pressure -- will. And make no mistake, it is a long process.

Posted by Get angry! on January 10, 2008 at 10:25 AM | Report this comment
Generic user icon

Don't get angry, get even. HAVE NO DOUBT, VOTE INCUMBENTS OUT

Posted by no on January 10, 2008 at 7:29 PM | Report this comment
Generic user icon

I thought the Cubs were going ahead with that expansion anyway. They have planned this for years. I don't think they need the city to bail them out or help them to build it, other than being able to buy that triangle shaped land from the city, which I'm pretty sure is a done deal.

Posted by Moon on January 12, 2008 at 5:54 PM | Report this comment

Add a comment

Latest in The Blog

Author Archives

  • Cook County Needs Cojones

    Which Dem candidate for county board president is most likely to take on Mayor Daley?
    • Jan 21, 2010
  • Shedding Light on the Shadow Budget

    The TIF budget we recently pried from the city's grip reveals drastic inequities in how the money's spent.
    • Dec 10, 2009
  • Election Follies

    Age-old feuds, nepotism, logrolling, and Moonies—it must be primary season in Chicago.
    • Jan 28, 2010
  • More»

Recent Comments

  • Re: Blown Coverage

    • At least one of the idiots behind the Sun-times twitter feed isn't apologetic.

    • on February 9, 2010
  • Re: Know When to Fold 'Em

    • ZZ Top already did it, but King Diamond does live in Texas.

    • on February 9, 2010
  • Re: Blown Coverage

    • What Michael J. Harrington said.

      And I think the roots of this sad and…

    • on February 9, 2010

©2010 Creative Loafing Media
All Rights Reserved.