ARLINGTON HEIGHTS, Illinois – Over the past year, the Chicago Bears have taken the most important step in team history to move their stadium out of Chicago by signing the Arlington Park property purchase agreement.
Now it looks like they’re a little closer to achieving that based on their latest move on Tuesday.
along with An open letter to the public regarding potential plans for the propertythe team released their first presentation on the potential uses of a former horse racing track in the northwest suburbs.
These include the “new best-in-class indoor stadium” which the team hopes will be worthy of hosting major events such as the Super Bowl and Final Four as well as being the main home of the Bears.
Besides the stadium, the team is also looking to develop a multi-purpose entertainment, commercial/retail and housing district in the area, according to the letter.
In their letter, Beers said that they will not seek public funding to “build the stadium’s direct structure” but that they “look forward to partnering with various government agencies to secure the additional funding and assistance needed to support the feasibility of the remainder of the development.”
According to the letter, here is the economic impact of the potential Arlington Park development:
- 48000 job opportunities
- $9.4 billion economic impact on Chicagoland
- $3.9 billion in annual labor income for the region
- 9750 long-term jobs
- $1.4 billion in economic impact on the Chicagoland area
- $601 million annual labor income for the region
annual tax revenue
- $16 million in Arlington Heights
- $9.8 million for Cook County
- $51.3 million for the state of Illinois
As they progress, the team said they will not explore other stadium locations at this time or a possible renovation of Soldier Stadium, which was Suggested by Mayor Lori Lightfoots office this summer.
Throughout the message, the bears warned that nothing was final when it came to their potential move to the suburbs.
“We are taking serious steps to evaluate the unique opportunity presented to us. “The Bears will remain committed to the Soldier Field and will honor the terms of the lease,” the Bears said in their letter. “While the prospect of a mixed-use recreation area centered on a new enclosed playground is exciting for bears and the entire state, there is a lot of work to be done before we can close the property, and afterwards, whether we will develop it.
We look forward to working with partners and key stakeholders across the Chicagoland community and the state of Illinois in the coming months.”
WGN News will update this story as soon as more information becomes available.