NFL
Chicago Bears to move from Soldier Field and closer to Arlington Park
The Chicago team has been eyeing the possibility of a move, and it seems the moment is nearing.
This Wednesday, the Chicago Bears have announced their purchase deal and sale agreement with Churchill Downs Inc. This deal is for a 326-acre Arlington Park property in the suburban part of Arlington Heights.
Moving from Soldier Field will be historic; the team has been playing there since 1971, having won one Superbowl during this time in 1985. However, the truth is that the capacity in the stadium is only 61,500, which is the team with the smallest space out of all the NFL. Moreover, the stadium had a renovation in 2001 with a price tag of $690 million.
The move what it means
Bears CEO Ted Phillips explained in a statement that, "Finalizing the PSA was the critical next step in continuing our exploration of the property and its potential. Much work remains to be completed, including working closely with the Village of Arlington Heights and surrounding communities before we can close on this transaction."
Philips continued to comment on what their plan is, "Our goal is to chart a path forward that allows our team to thrive on the field, Chicagoland to prosper from this endeavor, and the Bears organization to be ensured a strong future. We will never stop working toward delivering Bears fans the very best experience. We will continue to provide updates on our progress at the appropriate time."
According to the Chicago Tribune, the Bears would have to pay $84 million in damages to the city of Chicago if they break the lease within five years. Their lease runs till 2033, and the plan is to move before that lease runs up.
The city of Chicago
As far as the city of Chicago, mayor Lori Lightfoot remains hopeful, "We remain committed to continuing to work to keep the team in Chicago and have advised the Bears that we remain open to discussions."