ARLINGTON HEIGHTS, Unwell. (AP) — The Chicago Bears on Wednesday bought the property that they’ve been sizing up for a brand new stadium in suburban Arlington Heights.
The Bears introduced that they purchased the 326-acre property for $197.2 million.
The staff cautioned, nevertheless, that the acquisition doesn’t imply plans for a brand new domed stadium and an leisure district will come to fruition.
“There’s nonetheless an amazing quantity of due diligence work to be carried out to find out if setting up an enclosed state-of-the-art stadium and multi-purpose leisure district is possible,” the Bears mentioned in an announcement.
The Bears presently play at Soldier Discipline in downtown Chicago.
Financial analysts say making a Bears leisure district would create greater than 48,000 jobs and generate $9.4 billion for the native economic system.
“The Bears will proceed to work carefully alongside the Village of Arlington Heights, surrounding municipalities and their residents to solicit in depth suggestions on how we will greatest profit native communities and Bears followers throughout Illinois,” the assertion reads. “This planning will embrace a sturdy variety, fairness and inclusion program that prioritizes native hiring all through each stage of the event.”