The Chicago Bears have announced plans for a new state-of-the-art, publicly owned stadium on the city’s Museum Campus near Lake Michigan. The team is prepared to provide more than $2 billion in funding for the stadium, which will also include additional green and open space with access to the lakefront. This move signals a shift away from previous plans to build a stadium in the suburbs, with the new stadium being close to their current home at Soldier Field, where their lease runs through 2033.
Initially, the Bears had planned to build a stadium on the site of the shuttered Arlington International Racecourse in suburban Arlington Heights. The team spent $197.2 million to purchase the 326-acre tract of land with the vision of creating a $5 billion development that included a stadium, restaurants, retail, and more. However, these plans stalled due to high property assessments and the team’s desire to have taxpayers cover infrastructure costs such as roads and sewers. Despite the setback, the team remains committed to finding a new home for the Bears.
Mayor Brandon Johnson has expressed his desire to keep the team in the city, stating that meaningful private investment and a focus on public benefit are key requirements for public-private partnerships. The new stadium project is expected to bring economic benefits to the region, creating jobs, boosting the economy, facilitating mega events, and generating millions in tax revenue. The announcement of the new stadium has generated excitement among fans and city officials, who see it as a transformative opportunity for Chicago and the surrounding area.
The new stadium is part of a larger strategy by the Bears to secure a long-term home for the team and enhance the overall fan experience. With the current lease at Soldier Field set to expire in 2033, the team is looking towards the future and investing in a modern and state-of-the-art facility that can accommodate the needs of players and fans alike. The new stadium will be a centerpiece of the city’s skyline and a source of pride for Chicagoans, reaffirming the Bears’ commitment to the city and its residents.
The team’s decision to build a new stadium in the city reflects their dedication to the fans and the community, providing a world-class venue for football games and other events. The stadium’s location near the lakefront offers a unique opportunity to create a vibrant and dynamic entertainment district that will attract visitors and residents alike. By partnering with the city to create a publicly owned facility, the Bears are demonstrating their commitment to the future success and growth of Chicago and the surrounding region. The new stadium project is set to be a game-changer for the city and a source of excitement for football fans and residents alike.
