Tuesday, June 10, 2008

ISFA's Last Stand?

Who knows. This just won't go away.

According to the Trib, Jim Thompson and the ISFA's latest attempt to broker a deal for Wrigley Field has fallen flat.

As usual, both sides tell a different story, with Thompson claiming the Tribune Co. requires some use of future tax revenue, new taxes, or the transfer of ISFA funding already allocated to other projects. Trib Co. claims the ISFA plan is not within the policies of MLB, alleged by "sources" to be MLB's policy against using ticket revenue to back stadium financing.

Neither side will give any details to back their claims, which is to be expected. I see Thompson trying to make Trib Co. look bad by claiming they want exactly the sort of tax funded proposal Thompson was floating originally and throwing in the claim that Trib Co. may have wanted funds diverted from US Cellular projects.

I wish the state would just step back and let the team do its thing. This sale isn't likely to happen soon and this separate Wrigley deal is just getting in the way. The article stated, once again, "The financial books on the Chicago Cubs will go out". How many times have we heard about this impending feat of strength?

I'm tired of the nonsense. Thank god the team is looking good so far.

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