New stadiums for the Chicago Bears and White Sox without any new taxes! It’s possible!

Episode (11 of 11) - The How of the How. 

We resume from our last review in April 2026. Governor JB Pritzker    requested a comprehensive plan merging the two existing House and Senate bills passed on May 31. The Chicago Bears recieved instruction to use provisions from each bill crafting passable legislation meeting the 3/5 veto session requirements. We deliver Operational Plan Rev 3.0 as the statutory framework to meet that requirement. We incorporate key details from PSC Chicago LLC proprietary Term Sheet, and the draft GLDA and Renaissance Campus Statutory Charter Frameworks.

We’ll discuss how the 5 authority merger into the GLDA creates Sovereign Bonds, their importance with higher debt coverage ratios, their impact on the transit work streams, and new details in the Renaissance Campus, including gaming, public safety, and introduce the Southside Civic Endowment, the ORD express, and the $50B capital stack evolution from the original $11.1B as presented in our 2024 PRFAQ. Lastly, we'll review how the sovereign ledger ensures compliance with the newly enacted Artificial Intelligence Safety Measures Act - SB 315. 

We invite the public, the press, SMEs, global bond underwriters, and private investors to stress test our math and legal assumptions. Sunlight to illuminate the collective path forward ensures transparency and strengthens the public's trust

Episode (10 of 11) - The Renaissance Campus capital stack strategically mixes public and private ownership to fund Chicago mega-projects without new taxpayer debt while avoiding major construction roadblocks. By having the Great Lakes Development Authority officially own the new stadium as a "publicly owned regional utility," the project gains legal immunity to block lawsuits from groups like Friends of the Parks who rely on lakefront protection rules to stop private developments. Conversely, keeping specific land acquisitions—like Justin Ishbia's purchase of the Amtrak Coach yard—privately owned allows the project to completely bypass years of strict federal environmental reviews, like NEPA. Ultimately, this financial design leverages public ownership for lawsuit protection and private capital for construction speed, ensuring these critical upgrades are built significantly faster.

The Case for the Great Lakes Development Authority: We review plans to integrate (5) stadium development projects, a shared regional rail centric infrastructure program, a plan to pay for it all without federal funding or new local taxes, and discuss the politics of it all. We answer the question, "Why would I support this?" from a couple of different points of view. 

We acknowledge the foundational work of Rick Harnish and the High Speed Rail Alliance who identified the power of unlocking the St Charles Air  Line aka: Cross Rail Chicago - to establish a true Midwest High Speed Rail network. 

We explore PSC Chicago's newest proposal to merge the newly enacted Northern Illinois Transit Authority (NITA) with the proposed Great Lakes Development Authority (GLDA) to form the Midwest version of the NY NJ Port Authority, with the power to drive economic growth in Illinois for the next 100 years. 

Today, we dive deep into PSC Chicago’s GLDA and Renaissance Campus, focusing on affordability given recent updates from key stakeholders including Governor Pritzker and the Chicago Bears. We also include local updates from Alderman Pat Dowell regarding her support for the "78" development proposed sports stadium, should it be the Chicago White Sox and or the Chicago Fire???

We explore the long range implications of the GLDA if enacted into law by the Illinois General Assembly. We Think Big(er) and review transit operations. We see an opportunity for Illinois State Supported "Amtrak Midwest" services to be locally managed and operated, setting the stage for surrounding states to join the self-funding GLDA resulting in a regional authority, driving powerful economic activity, re-establishing Chicago as a  global city and Illinois as the regional hub. 

We received multiple questions regarding the design development of the Renaissance Campus. Specifically, "Why  rail?" and more broadly, how the proposed infrastructure package relates to Governor Pritzker's original feedback urging teams (Bears and White Sox) to "coordinate their development programs." 

We present an update to our Renaissance Campus and GLDA proposals to build new stadiums for the Chicago Bears and White Sox. They make more sense now, given the current and forecasted economic landscapes.

We include new stakeholder information, updates to the political environment, and restate the case for bold thinking.

We introduce five success factors and review a preliminary "Source and Use of Funds" to build (2) new stadiums for the Chicago Bears and White Sox, a new transit hub and the acquisition and expansion of a 1 mile passenger rail link connecting the Metra Electric Line to Chicago Union Station and beyond.