The Bears — one of the National Football League’s charter franchises — unveiled plans for a new stadium project on the lakefront partly funded by the public that would give the team a facilit…
Renderings of a new state-of-the-art enclosed stadium with open space access to the lakefront were released by the Chicago Bears on April 24, 2024.
Renderings of a new state-of-the-art enclosed stadium with open space access to the lakefront were released by the Chicago Bears on April 24, 2024. Renderings of a new state-of-the-art enclosed stadium with open space access to the lakefront were released by the Chicago Bears on April 24, 2024. With a dazzling video presentation of a stadium featuring a translucent roof and a glass wall with a view of downtown, team President and CEO Kevin Warren presented his vision for a $3.2 billion focal point for great city gatherings, not just football.
The proposal would bail the city out of fast-approaching ballooning annual payments to pay off $429 million in principal owed from past renovations of Soldier Field and Guaranteed Rate Field, where the Chicago White Sox play. That money would be refinanced and paid off over 40 years, rather than the traditional 30-year repayment.
“I think the speaker and the Senate president are probably right then,” state Rep. Mark Walker, a Democrat from Arlington Heights, said. “There’s just not time to get it done this spring.” “Chicago has a long history of closed-door planning and rushed decision-making that does not end well for taxpayers,” the group stated.of stadium development and chief operating officer, called the project one of the biggest private investments into a public facility in Illinois history. All of the team’s investment would pay for 72% of the stadium itself, with a Chicago hotel tax helping fund the rest plus all the infrastructure costs.
Fans walk outside the stadium before the Chicago Bears play the Green Bay Packers at Soldier Field on Oct. 17 2021. A parking lot and Waldron Deck south of Soldier Field on the lakefront on March 11, 2024, where the Bears have proposed building a new domed stadium. Military helicopters fly overhead during pregame ceremonies between the Chicago Bears and Baltimore Ravens at Soldier Field on Nov. 21, 2021.
Soldier Field and Museum Campus can be seen July 25, 2022, from the stadium in Chicago. In a news conference, Mayor Lori Lightfoot unveiled plans for Soldier Field that could cost up to $2.2 billion as part of her ongoing campaign to keep the Bears from leaving town for Arlington Heights.
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