Chicago mayor addresses possibility of using public funding for new White Sox stadium

Last month, the White Sox announced plans for a potential new stadium on Chicago’s South Loop. Justin Laurence of Crain’s Chicago Business reported last week that the organization was seeking roughly $1 billion in public funding for the project.

Sox owner Jerry Reinsdorf traveled to the Illinois capital to meet with state officials Tuesday. Chicago mayor Brandon Johnson spoke with reporters Wednesday afternoon and sounded broadly open to the possibility of approving money for both the White Sox and NFL’s Bears.

“I’m grateful that both organizations are committed to having these conversations. As far as financing these projects, both organizations know that they have to put some skin in the game. They’re expressed a commitment to do that,” Johnson said, via Fran Spielman of the Chicago Sun-Times. “As far as public dollars, we haven’t gotten into any of those specifics just yet. But I will say that we’re going to explore all options. But we have to make sure that we’re doing right by the people of Chicago. … Everything is on the table here. But again, I want to make sure there is a real commitment to public use and public benefit.”

It’s not clear how much the White Sox plan to invest in the project. They’ll surely continue discussions with both city and state officials as they look to drum up funding. The team’s lease at Guaranteed Rate Field runs through the 2029 season. The stadium opened in 1991, making it the eighth-oldest park in the majors.