The City of Chicago has reportedly rejected an idea the Chicago Bears and Chicago White Sox proposed for joint stadium funding, according to a report.
Both the Sox and Bears are looking to the Illinois Sports Facilities Authority to help fund their new stadiums, Crain's Chicago Business reported Friday morning.According to Crain's, the ISFA has current debt, which is backed by a 2 percent tax on hotel stays in Chicago. That tax is meant to provide the ISFA with enough to make its current debt payments.
Both teams are trying to arrange a financial deal that would let both teams build new stadiums in Chicago.
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