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@ofarevolution @JonLampleyMusic I’m not saying that everyone will be thrilled if you played Untitled tomorrow in Chicago but… wait, that’s exactly what I’m saying. Please PLEASE play Untitled tomorrow night. Such a terrific song and not played as often as it deserves to be
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Can’t wait to see you guys for about the 15th time either way. Whole family is coming (again) and I know it will be a blast like always.
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Loyalty is Yankees fans being like “sure Caballeros is hitting 240 with a 680 OPS and strikes out once a game, but the way he adjusts his batting gloves, delays pitches, and crawls to first is just so dreamy”
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David Jordan retweeted
Patrick Johnston: League sources have told Postmedia that Canucks ownership have said they would like to reduce player payroll by up to $20 million; bears noting that they are already down $12 million from the end of last season - The Province (7/17)
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Is everyone else on this app just waiting for @BillSimmons to comment on the Jaylen Brown trade? Will it be massive amounts of cope or perhaps a conspiracy about the league conspiring to keep the Celtics down?
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David Jordan retweeted
Giannis came to Milwaukee as a kid. He leaves as an MVP, champion & the most important person in franchise history. For whatever frustration we had at the end, the ride he gave us to the top of the world will forever be worth it.
Thank you, Giannis.
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It’s not possible that there are any @NBA fans that still believe Chet Holmgren is better or more valuable than Scottie Barnes. Not even a legit argument at this point.
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David Jordan retweeted
Scottie playing 48 minutes after barely being able to move up and down the floor in the second half of last game, THIS GUY CARES MAN, AND HE IS A FUCKING SUPERSTAR
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Scottie Barnes is incredible. Great @Raptors win! Dominant Scottie and RJ performances. Clutch shooting by Jameson Battle. BI breaking out in game 4. Strong crowd showing.
Get Scottie his all defense first team and all NBA honors!!!!!
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David Jordan retweeted
For full transparency reasons...
While responding to someone, I went to prove the tax rate in Arlington Heights was indeed the 9% that I listed originally. It was not that rate for 2024 (2025 rates are not available yet).
The rate is actually over 10%.
This made me double check my math and the information I pulled, and I was actually missing multiple parcels for the United Center.
POINT STILL STANDS... but I think we should be honest and transparent. Again, I want to leave emotions out of this. I also looked into Wrigley Field per a conversation - that one is a little more difficult.
Corrected Numbers...
New Bears Stadium (Arlington):
Est. Market Value: $2,400,000,000
Est. Taxable Value: $600,000,000
2024 Equalizer: 3.0355
2024 Tax Rate: 10.381%
Level of Assessment (5-97): 25%
Cost to build: $2-3 Billion
Estimated Prop Taxes: ~$189,069,153
United Center:
Market Value: $121,815,880
Taxable Value: $30,453,970
2024 Equalizer: 3.0355
2024 Tax Rate: 6.643%
Level of Assessment (5-97): 25%
Cost to build: $175,000,000 (1994)
Market Value vs Original Cost: ~70%
Estimated Prop Taxes: ~$6,140,990
Difference vs Bears Est. Taxes: ~$180 Million
Wrigley Field:
Market Value: $165,785,710
Taxable Value: $16,578,571
2024 Equalizer: 3.0355
2024 Tax Rate: 6.868%
Level of Assessment (7-97): 10%
Cost to renovate: $750,000,000** (2019)
Estimated Prop Taxes*: ~3,456,270
Difference vs Bears Est. Taxes: ~$185 Million
** Includes neighboring development
*Stadium Only
SoFi Stadium:
Property Taxes: $8,900,000***
Difference vs Bears Est. Taxes: ~$180 Million\
***Highest property tax bill for a current stadium in the United States.
Wrigley Field has a special incentive property classification (Class 7 Incentive) which makes the taxable value 10% of the Market Value rather than 25% like most other commercial properties.
Wrigley Field was difficult to identify everything. Some recent reports have their taxes at only $2.7mm.
#DaBears
Bears Stadium talk is upon us again after @WaddleandSilvy yesterday.
Seeing some use the United Center as the argument the Bears do not need tax certainty.
Let’s break it down a little to show exactly why this example is exactly why the Bears need tax certainty to build in Arlington Heights and why Silvy’s contacts are 100% right that Indiana isn’t a leverage play…
United Center:
Market Value: $66,440,748
Taxable Value: $16,610,187
2024 Equalizer: 3.0355
2024 Tax Rate: 6.643%
Cost to build: $175,000,000
Market Value vs Cost: ~38%
Using these numbers we can estimate the 2025 property taxes to be ~$3,349,415.
Now let’s do the math on Arlington Heights with ZERO tax certainty and basing it on the original estimated cost of $2.4 Billion.
New Bears Stadium (100%):
Market Value: $2,400,000,000
Taxable Value: $600,000,000
2024 Equalizer: 3.0355
2024 Tax Rate: 9.483%
Using these numbers we can estimate the 2025 property taxes to be ~$172,713,879.
That is ~$170,000,000 more in property taxes the Bears would owe EVERY YEAR without some type of PILOT program.
Now let’s say Cook County decides to be nice even without tax certainty and values the stadium at 38% of cost like the United Center is currently.
New Bears Stadium (38%):
Market Value: $912,000,000
Taxable Value: $228,000,000
2024 Equalizer: 3.0355
2024 Tax Rate: 9.483%
Now, we can estimate the 2025 property taxes to be ~$65,631,274. That’s still ~$62,000,000 more than what the property taxes are on the United Center.
This isn’t difficult to understand why the Bears need tax certainty yet many are claiming it’s Billionaires getting handouts. It’s not the case here at all. Going to IN with the deal presented would be the handout and the Bears aren’t even asking for that.
Come up with a reasonable incremental PILOT tax guarantee and pay for the infrastructure and Bears stay.
Set it at $10,000,000 per year to start and that’s still $1,500,000 per year more than what the Rams/Chargers pay for SoFi.
Take the emotion out of it and math is math.
It is simple, yet Illinois has been dragging this along for 3 years.
#DaBears
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David Jordan retweeted
Scottie Barnes is everything you swear doesn't exist anymore.
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The refs in this Illini game are atrocious. Three straight possessions with missed calls in Purdue’s favor. What a joke.
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Can’t decide if I should mute “Notre Dame” on this app or if I will then be sad to miss all the pathetic whining and excuse making.
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The Notre Dame fan, pundit, and insider posts from the second quarter of the Alabama game last night are a master class
In what not to do in sports. But a master class is a master class.
Tip of the cap.
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Congrats to Canucks fans. Great return on Hughes. Got you guys WAY more than I anticipated and will help expedite the build overall.
Will be interesting to see if Hughes signs in Minnesota and, if so, for how much?
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