Tom Ricketts’ proposal to have the State of Illinois fund $250 million in upgrades to Wrigley Field died yesterday when the General Assembly adjourned out of veto session yesterday — but expect it to return when the 2011 session opens in January. The hope was that the Assembly could consider funding during the veto session, […]
Tag Archives | tax increment financing
Ballpark financial issues hit Reno
A decrease in property values in the area and an assessment that Aces Ballpark is now worth less than half the construction price is forcing Reno to pay $1 million this year in subsidies to its developer, the Reno Aces (Class AAA; Pacific Coast League) — and that payment may need to be repeated annually […]