No tax breaks for new Cubs owner

Now that a sale is eminent for the Cubs by the Tribune Corp., I want it made clear to all that no deal is to be cut on tax incentives for the purchase of the team or Wrigley Field. The sale of this asset, which the Tribune purchased for $20 million in 1981 should produce a healthy amount of review for the state, for the stadium and the team.

The value of the stadium should be separated from the amount paid so that real estate taxes can be paid. The fans have faithfully supported the Cubs over these many years while the cost of attending has escalated. It is about time there is a payback for the profits generated for Tribune Corp. No tax incentives should be considered for the new owners. If they have enough money to buy the team then they should have enough money to pay future tax liabilities just like you would selling of your assets. It is time, as President Obama has said, to change the way of doing business of old. The only way to do that is begin paying as you go.

Tom Rajcan

Wheaton