No Public Subsidies for Megaprojects!
Governor Pritzker, Illinois State Legislators
Can we please stop sending billions of public dollars, gifting vast amounts of public land, and giving other precious public resources to greedy billionaires for their bloated megaprojects?! If they want to build a “city within a city” or a private sports stadiums or a high end retail mall or any other project – mega or other – then let them pay for it. Period. No public subsidies of any kind – no direct gifts of cash – no gifts of land – no fast tracking that subverts public scrutiny – and no forgiveness of taxes (property, sales, anything). If we forgive them property taxes that would normally pay, that just means the rest of us pay more to make up what the billionaires were forgiven. Let them build their own damn stadiums and other megaprojects!
Petition by
Sponsored by
To:
Governor Pritzker, Illinois State Legislators
From:
[Your Name]
We oppose HB 2789 which will give special breaks to so-called megaprojects. This bill ammends the Property Tax Code. Provides that property certified by the Department of Revenue as mega project property is eligible for an assessment freeze. Provides that, if property is certified as mega project property, then, during the incentive period, the value added to the property by the project shall not be considered for assessment purposes, and the total valuation of the property during the incentive period shall be limited to the base year valuation. Provides that "mega project" means a project that satisfies certain minimum investment, investment period, and other requirements. Contains provisions concerning incentive agreements between a company that plans to undertake a mega project and a local municipality obligating the company to make special payments in addition to property taxes. (from https://www.billtrack50.com/billdetail/1819583)
NO PUBLIC SUBSIDIES FOR THE BEARS.
The McCaskey Family is worth about $1.5 billion and the Bear’s net worth appraisal is $8.2 billion with annual revenue of $629 million. A family of four must shell out $714 to attend a regular game sitting in the cheapest seats. LET THEM BUILD THEIR OWN DAMN STADIUM!
More information on stadium scams at www. economicaccountability.org
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