Sunday, April 4, 2010

A New Idea for Funding Cubs Project

A different concept has surfaced for funding the proposed Chicago Cubs spring training facility to be located in east Mesa. In a recent letter to the editor printed in the Arizona Republic, a reader proposed privatizing the development by issuing shares of stock. Individuals and businesses would have the opportunity of owning a portion of the entire project and would participate in any potential profits. Logical investors would be the tens of thousands of loyal Cubs fans, businesses that would directly or indirectly benefit from spring training activity and anyone else who simply thinks this is a viable enterprise. Obviously, the current debate about the extent of public funding involved would disappear. This idea merits further consideration.

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