'A long-term play': Outgoing ChicagoBears president doubles down on ask for public subsidies
Ted Phillips -- an accountant by trade who rose through the ranks in the Chicago Bears front office to become team president and CEO -- secured the deal for $432 million in state and city public financing for the $690 million renovation of Soldier Field two decades ago.
"It's a long-term play," Phillips said in an interview with the Daily Herald at Halas Hall last Tuesday after his successor Kevin Warren's introductory news conference. by signing up you agree to our terms of service But amid increasing resistance among state lawmakers for any Bears public subsidies, Phillips admitted, it's a"heavy lift."
Phillips was asked if the team could just build the privately financed stadium -- which would cost at least $1 billion alone -- without anything else.
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