"Potentially, the benefits of public ownership are an ironclad guarantee of keeping Wrigley as the Cubs' home, which is good for the state and the city," Scofield said.LMAO. Where are the Cubs going people? Anyways.
The best comment in the whole story comes from the author Kari Lyderson:
The arrangement would probably raise the Cubs' asking price significantly. That is because the buyer would not be stuck with the field renovation, which is expected to cost hundreds of millions of dollars.
That my friends is the brass tacks of this whole thing. Zell will sell the Cubs at a premium if this deal goes through. That is why this deal is so important to Zell, Canning and the politicians that want their money and support.
Corporate Welfare is little series for the crappy/unpopular. If you wanna see the past rants on this proposed idea and why it is bad for the taxpayers, here they are:
Corporate welfare -- December 21, 2007
Corporate welfare (continued) -- December 23, 2007
Corporate welfare -- Daley changes his tune -- January 3, 2008
Corporate welfare -- Ald. Tunney's two cents -- January 4, 2008