THE Chicago Bears have plans to build a new stadium on what was once a prominent race track.
The Bears‘ latest plan comes after giving up on a $4.7 billion stadium on the downtown Chicago lakefront.
Last April, the Bears shared their massive plans to build the indoor venue near the Chicago lakefront.
However, the franchise has seemingly ditched the effort.
The Bears have said it has looked to build a new stadium on the 326 acres of land it owns at the site of an old racing track at Arlington Heights, Illinois.
The team owns the property, which is best known as the old Arlington International Racecourse.
“Over the last few months, we have made significant progress with the leaders in Arlington Heights, and look forward to continuing to work with state and local leaders on making a transformative economic development project for the region a reality,” the Bears said in a statement last week.
The Bears found it tough to receive funds for a downtown indoor dome.
And, likely, funding for a stadium in Arlington Heights won’t be any easier.
The Bears purchased the area in suburban Arlington Heights for $197.2 million in September 2021.
Most of the grandstand that was once the race track has been torn down.
During the NFL owners meetings in April, Bears president and CEO Kevin Warren shared that the team’s focus was to build a stadium in downtown and Arlington Heights.
The stance was a shift from the franchise’s previous goal to build a stadium solely in the downtown location.
The previous plan would’ve been a $3.2 billion Fairpoint Development scheme.
The ground would’ve been at the site of the old Michael Reese Hospital.
The proposed 75,000-plus fan stadium proposal also included privately financed parking and additional infrastructure worth $356 million.
The plan would’ve included extra buildings and a park bridge linking to downtown Chicago.
AFPThe Bears purchased the old racing track at Arlington Heights, Illinois, and have a proposed plan to make the site of their next stadium[/caption]However, the plan would’ve needed $600 million in public funding.
The Bears’ inability to reach a stadium deal comes as the Washington Commanders announced the new $3.8 billion dome stadium in Washington, D.C.
The Chicago organization has called Soldier Field its home since 1971.
They have eight years left on their lease at the legendary grounds.
FAIRPOINT DEVELOPMENTThe Bears have seemingly axed the local developer Fairpoint Development’s new $4.7 million lakefront stadium[/caption] Read More Details
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