Chicago Bears release renderings for enclosed suburban stadium
CHICAGO (25 News Now) - The Chicago Bears plan to build an enclosed suburban stadium that could host Super Bowls, College Football Playoff games and Final Fours.
The Bears unveiled conceptual illustrations of the proposed stadium and entertainment complex that would be built on the site of a former horse racing track in Arlington Heights, Illinois.
The NFL club released an open letter about their plans for Arlington Park.
”If the team does proceed with the purchase of the Arlington Park property, and if the Bears organization then chooses to proceed with the development of the property, the project will be one of the largest development projects in Illinois state history.” the Bears said.
The Bears say the project could include restaurants, office space, a hotel, fitness center, new parks and open areas.
They also say they would seek no public funding for the stadium if the sale of the property is completed and if they decide to move there. But they would seek taxpayer assistance for the rest of the project.
All told, the Bears said there would be “considerable economic benefits to Cook County, the surrounding region, and the State of Illinois.”
“Construction of the proposed project is projected to create more than 48,000 jobs, result in $9.4 billion in economic impact for Chicagoland, and provide $3.9 billion in labor income to workers across the region, while the completed project will create more than 9,750 long-term jobs, result in $1.4 billion in annual economic impact for Chicagoland and provide $601 million in annual labor income to workers across Chicagoland. We also anticipate that the development will generate $16 million in annual tax revenue in addition to property taxes for Arlington Heights, $9.8 million for Cook County, and $51.3 million for the State of Illinois.”
The Bears have scheduled an informational community meeting about the potential purchase and development of Arlington Park. The meeting is this coming Thursday, September 8 from 7-9 p.m. in the gymnasium of John Hersey High School in Arlington Heights.
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