Money Money

Yesterday, the Chicago Plan Commission approved the first stage of the 1901 Project, a $7 billion, mixed-use development on 55 acres around the United Center. This is how the project website puts it: “A transformative $7 billion private investment on Chicago’s West Side celebrating Chicago’s unique spirit. Spearheaded by the Reinsdorf and Wirtz families, The 1901 Project will transform the West Side with a jolt of new development, bridging neighborhoods and enhancing opportunities for residents, businesses and all of Chicago.” Wow. Here's my question. If Jerry Reinsdorf and Danny Wirtz think they can round up $7 billion in private financing, why can’t Reinsdorf finance a new ballpark the same way instead of seeking a reported $1 billion in public money? I mean, what’s good for the 1901 Project should be good for any future home of the White Sox. Right?