There's still a long road before a new stadium is even under construction and it would seem the team isn't eliminating other options just yetThe Chicago Bears may be focused on Chicago for their new stadium, but it seems they're not quite ready to give up on Arlington Heights entirely.
The Bears have the 326 acres of land they purchased in February 2023 in Arlington Heights --- the initial destination the Bears intended to construct a new stadium. As it stands, the Bears are laser-focused on Chicago despite the state's reluctance to support a plan that requires public dollars, which their stadium project needs to complete.
That leaves a $900 million gap for the stadium financing itself. The Bears' plan has them looking to a bond mechanism in the Illinois Sports Facilities Authority program to make up the difference. They said a 2% hotel tax that is already in place for the ISFA should be able to make up the $900 million they need from public funds.
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Source: ABC7Chicago - 🏆 284. / 63 Read more »