The Chicago Bears unveiled a proposal for a nearly $5 billion enclosed stadium located next to Soldier Field, seeking public funding for the project. The plan includes $3.2 billion for the new stadium and an additional $1.5 billion for infrastructure improvements. The team also mentioned the addition of green and open spaces, as well as a potential publicly owned hotel. Bears president Kevin Warren emphasized the city’s preference for challenging projects, while also highlighting the expected economic impact of $8 billion for the region. The plan involves a three-phase construction process that could take up to five years, with the new stadium to be built on a parking lot south of Soldier Field.
The team has committed to contribute over $2 billion towards the publicly owned stadium, with additional funding coming from an NFL loan of $300 million and $900 million in bonds from the Illinois Sports Facilities Authority. The financing plan would require extending bonds of the existing 2% hotel tax. Mayor Brandon Johnson expressed support for the project, referencing Daniel Burnham’s “Plan of Chicago” and assuring no tax hikes or new taxes for residents. Renderings of the proposed stadium showcase a translucent roof, massive glass panels, concert hosting capabilities, and a variety of other amenities. The plan also includes preserving Soldier Field’s colonnades and replacing the current stadium with playing fields and park space.
Illinois Governor J.B. Pritzker expressed skepticism about the proposal, questioning its benefit to taxpayers and prioritization. Top legislative leaders in the state also expressed doubts, suggesting that the project would not currently garner enough support for approval. This skepticism contrasts with the support expressed by Mayor Johnson and the Bears, who see the project as offering public benefits and uses for the city of Chicago. The proposal comes amidst interest from other Chicago sports teams, such as the White Sox and Red Stars, in seeking public funding for new stadiums. This development follows the Bears’ previous plans to build a stadium in Arlington Heights, which were put on hold due to property assessment concerns.
The Bears had initially planned to construct a stadium in Arlington Heights, with the team covering stadium costs and taxpayers funding infrastructure. However, those plans encountered obstacles, leading the team to explore the option of staying in Chicago and partnering with the city on a new stadium near Soldier Field. Bears president Kevin Warren emphasized the partnership aspect of the project, highlighting the collaboration with Mayor Johnson’s administration and the vision for the city’s future. Warren drew parallels to his past involvement in the construction of U.S. Bank Stadium in Minneapolis and emphasized the potential benefits of the Chicago project. The proposal marks a significant development in the Bears’ efforts to secure a new stadium and solidify their presence in the city.
The Bears’ proposed stadium project in Chicago represents a potentially transformative undertaking for the city’s lakefront area and the surrounding region. With a substantial financial commitment from the team, combined with public funding and support from key officials, the project aims to revitalize the area around Soldier Field and create new opportunities for economic growth and community engagement. Despite some skepticism from state leaders, the Bears remain optimistic about the project’s prospects and the benefits it could bring to the city. As discussions and negotiations continue, the fate of the proposed stadium will depend on a variety of factors, including public opinion, financial feasibility, and the willingness of stakeholders to collaborate towards a shared vision for Chicago’s future.
