White Sox Seek $1 Billion in Public Funds for New Stadium

Jerry Reinsdorf's proposal faces scrutiny amid Illinois' budget challenges and concerns over the use of taxpayer money.

Jerry Reinsdorf, owner of the Chicago White Sox, is seeking $1 billion in taxpayer funding for a new stadium in Chicago's South Loop, aiming to meet with Illinois legislative leaders.
The proposed stadium, part of a larger development at The 78, faces challenges in securing public funding amid Illinois' budget shortfall and other pressing state issues.
Reinsdorf's plan includes creating a taxing district to funnel $400 million from state tax revenue, raising concerns about the use of public funds for the project.
The Illinois Sports Facilities Authority, which would need to finance the stadium, currently lacks the funds, requiring potential changes to state law.
The proposal also suggests redeveloping the area around the current White Sox stadium with affordable housing and other amenities, though land ownership issues complicate the plan.