Bears $5B proposal - how can it possibly work financially?
Posted by Potomac on April 25, 2024, 6:14:53
That's an incredible amount of money, and a positive ROI has to be about impossible. Especially when money goes to making it extra fancy, and for what, a lifetime of 20-30 years with major renovations no doubt along the way?
Let's suppose $4B is borrowed at 5%. That's $200M for debt service alone.
And the Bears already play in Chicago, so the games are not new economic activity.