The Chicago Bears have finalized the purchase of the Arlington International Racecourse for $197 million, the first step in the team's proposed move to Arlington Heights.
A rendering released by the Chicago Bears shows the view from the threshold of the proposed stadium of the Arlington Park entertainment district. The Bears released proposed development plans for the Arlington International Racecourse property in Arlington Heights on Sept. 6, 2022.
The team rents from the Chicago Park District for about $6.5 million a year — less than they’ve paid some of the team’s star players — but it doesn’t control revenue from naming rights, parking or concessions. In the past, the playing field was often in bad shape, and relations with the Park District sometimes were strained.that the Park District rebuffed the team’s initial proposal for a sports betting lounge in 2021.
Last month, Bears owners and chairman George McCaskey said the Arlington Park property was the team’s “singular focus” in exploring new stadium possibilities. New Bears President and CEO Kevin Warren further emphasized that the team was not currently in a position to consider grand proposals for upgrading or revamping Soldier Field.
Warren said last month that, with a potential new Bears stadium, his aim would be to “create an atmosphere that becomes a 365-day-a-year environment.” “So there’s a lot to do,” he added. “It’s exciting. It’s a challenge.”
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