Related Midwest Eyes $425M in TIF Money for Chicago Fire-Anchored Campus at the 78

Chicago Fire stadium site should get $425 million subsidy, Mayor Brandon Johnson proposes – Chicago Tribune/Yahoo

"This neighborhood has sat dormant through multiple administrations, I activated it, and the type of impact it's going to have, not just in the South Loop, but Bronzeville, Chinatown, this is exactly what the people of Chicago elected me to do, was to invest in them, create jobs and opportunities, generate revenue so that we can continue to make those critical investments," Johnson said.

Chicago Fire stadium site should get $425 million subsidy, Mayor Brandon Johnson proposes

Mayor Brandon Johnson proposed a $425 million taxpayer subsidy Wednesday for public infrastructure at the tract where the Chicago Fire are building a stadium.

Related Midwest eyes $425M in TIF money for Chicago Fire-anchored campus at the 78

The updated dollar figure represents the public piece of a planned campus anchored by the $750 million Fire stadium that began construction earlier this year.

Mayor Johnson proposes $425M TIF subsidy for The 78

Billionaire Chicago Fire owner Joe Mansueto is an outlier among Chicago sports moguls for his willingness to bankroll his own, 22,000-seat, $750 million stadium on the long-dormant South Loop parcel known as The 78.But there is a cost for Chicago taxpayers: a $425 million tax increment financing subsidy.Mayor Brandon Johnson dropped the other shoe at Wednesday’s City Council meeting — by proposing the city subsidy needed to unlock the developmen…