The noise surrounding the team is discussed by Bears quarterback Justin Fields. 3:20
The Bears plan to build a domed stadium on the Arlington Park property.
The Bears envision a multi-purpose entertainment district anchored by a new, best-in-class enclosed stadium, providing Chicagoland with a new home worthy of hosting global events like the Super Bowl.
The Bears wrote an open letter stating that they wouldn't seek public funding for a stadium but would seek additional funding and assistance for the rest of the development, which would include restaurants, office spaces, a hotel, fitness center, new parks and more.
After the horse racing track in Arlington Heights was put up for sale, the Bears signed a purchase and sale agreement with the track's owner.
The Bears can end their lease at Soldier Field at an estimated cost of $84 million. TedPhillips said in January that the organization expects to close on the land at Arlington Park early in the next decade. The team continued to speculate in its open letter.
It doesn't guarantee that we will develop the property if we close on it.
The Bears say they are moving forward solely with the focus on developing a stadium on the Arlington Heights property and not considering the proposed renovations at their current home. There are three options for a dome over Soldier Field.
While under contract with the seller of Arlington Park, the Bears will not be discussing or exploring any other alternatives, including renovations of Soldier Field. Any decision will be made in the best interests of the Bears and their fans.
According to the Bears, the construction of the project will result in $9.4 billion in economic impact for the area. The completed project is expected to create more than 9,750 long-term jobs and result in over one billion dollars in economic impact.
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