Breaking: Gov. Pritzker Raises Serious Concerns Over Cost new White Sox South Loop stadium…

Gov. Pritzker is expressing concern over the financial implications of a potential new Chicago White Sox stadium in the South Loop. Renderings of the proposed stadium, to be located on a 60-plus acre parcel known as “The 78,” have been unveiled. The site, owned by Related Midwest, is considered one of the last prime open spaces in downtown Chicago.

The stadium design features a modern, open layout with views of the city skyline. The White Sox’s iconic pinwheels would be prominently displayed in center field. Fans might even have the option to arrive at the park via water taxi.

The stadium is envisioned as the centerpiece of a new neighborhood. Related Midwest sees it as a “catalyst” for creating tens of thousands of jobs, both permanent and during construction. However, there has been no official comment from the White Sox regarding the potential move.

Funding for the project remains a key question. While Related Midwest has not requested state funds, they are seeking approval for the Illinois Sports Facilities Authority to “re-arrange bonds.” These bonds, backed by a 2% hotel tax, were previously used to renovate Soldier Field.

Governor Pritzker emphasized the importance of using public funds judiciously, even for beloved teams like the White Sox. He highlighted the need to assess the financial benefits for the state, city, and county.

The fate of Soldier Field and the Chicago Bears’ future location and funding are also uncertain. Reinsdorf, the Sox Chairman, and Mayor Brandon Johnson are exploring options to keep the team competitive in Chicago.

MLB commissioner Rob Manfred expressed support for the new stadium, believing it could significantly benefit the White Sox. However, it’s unclear if the stadium would be publicly funded or if private financing would be used.

Reports suggest Reinsdorf has considered leaving Guaranteed Rate Field when the team’s lease expires in 2029. This potential move echoes the earlier push to bring the White Sox downtown when constructing their current ballpark on 35th Street.