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(WGNTV Chicago)   Cubs World Series win cost Chicago $18.8 million in overtime. Which isn't a big deal considering it breaks down to an amortization rate of only $174,000 when spread over 108 years   ( wgntv.com) divider line
    More: Followup, Major League Baseball, World Series, Chicago, Chicago Cubs celebrate, Chicago Cubs, Chicago White Sox, Gregory Shamus/Getty Images, Chicago Tribune  
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329 clicks; posted to Business » on 20 Mar 2017 at 7:10 PM (30 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



13 Comments     (+0 »)
 
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2017-03-20 12:22:29 PM  
Totally worth it.
 
2017-03-20 04:56:25 PM  
Ehh, one time expense.
 
2017-03-20 07:26:35 PM  
How much money did the Cubs kick in?  I'm pretty sure most sports franchises cover at least part of these expenses.  And how much additional revenue was brought into Chicago through having the extra games there?  Does the $18.8M account for this?  The article is a little light on details.
 
2017-03-20 07:30:09 PM  
If you subtract all the Government people that put OT on their time sheets but didn't show up, it drops to $1.8M. This is Chicago we're talking about.
 
2017-03-20 07:52:56 PM  
Sounds like one of those old Bobby Bonilla contracts.
 
2017-03-20 09:02:18 PM  

Craw Fu: How much money did the Cubs kick in?  I'm pretty sure most sports franchises cover at least part of these expenses.  And how much additional revenue was brought into Chicago through having the extra games there?  Does the $18.8M account for this?  The article is a little light on details.


The bars in wrigleyville brought in much more in liquor tax, over the course of the post season than the police cost
 
2017-03-20 09:03:23 PM  
My Tribe played their asses off with only one starter and a gased bullpen.

But if there was any team to lose to, it was the Cubbies.  Great team.  Great fans.  Great season.  Totally deserved it and completely worth every dime of the $18M.

/ Our turn in 2017!
 
2017-03-20 09:26:27 PM  

Bob The Nob: But if there was any team to lose to, it was the Cubbies. Great team. Great fans. Great season. Totally deserved it and completely worth every dime of the $18M.


And on the flip side, I don't think many Cub fans would have been devastated to lose THAT epic game.

It may be the best game most of us ever see. That 8th inning from Cleveland, yowza.
 

/ A little sad we're not "special" anymore
 
2017-03-20 09:48:52 PM  

chitownmike: Craw Fu: How much money did the Cubs kick in?  I'm pretty sure most sports franchises cover at least part of these expenses.  And how much additional revenue was brought into Chicago through having the extra games there?  Does the $18.8M account for this?  The article is a little light on details.

The bars in wrigleyville brought in much more in liquor tax, over the course of the post season than the police cost


Doubtful.  Taxes from sporting franchises rarely if ever cover the taxpayer cost to maintain them. But keep believing that pipe dream especially the next time a billionaire wants to bilk the city for a new stadium.
 
2017-03-21 01:07:57 AM  

Lando Lincoln: Totally worth it.


The shining faces of shocked disbelief turning into joy and old men breaking into tears because they lived to see it happen was an endearing sight to behold.
 
2017-03-21 01:56:44 AM  

lindalouwho: Lando Lincoln: Totally worth it.

The shining faces of shocked disbelief turning into joy and old men breaking into tears because they lived to see it happen was an endearing sight to behold.


My first game at Wrigley was the Bartman playoff game. I'd just moved to the city a couple months before and didn't realize what a big deal baseball was.

After living there 10 years, I realized that the Cubs was the meaning of life for some people. My room mates brother was a season ticket holder and obsessed with them. We ran a 5k one time and he refused to go out for a beer with us after because there was an away Cubs game on that he was taping. He had to go home and watch the whole game from the beginning without knowing the outcome.

I moved away a few years ago and missed the festivities this year. When the Blackhawks took the Stanley Cup in '10, my son was born the day they had their parade and I watched it on TV. But I was there for the Sox parade when they won and it was awesome.

Overtime for a winning Chicago team will always be a good investment in my eyes. But I'm not paying for it.
 
2017-03-21 09:16:17 AM  

Craw Fu: How much money did the Cubs kick in?  I'm pretty sure most sports franchises cover at least part of these expenses.  And how much additional revenue was brought into Chicago through having the extra games there?  Does the $18.8M account for this?  The article is a little light on details.


I dnrtfa but I head they did pay something like $400K for cleanup and repair to Grant Park. I think this is normal though because they have the story every year about how much lalapalooza pays to fix the mess they cause.

As for revenue I'm sure it was far more than $18M when you think of all the hotels, restaurants, bars etc. Chicago taxes the fark out of every damn thing so they probably made money.
 
2017-03-21 11:38:39 AM  
There's gotta be a scam in there somewhere.
 
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