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The sale was finalized on February 15, 2023, for $197.2 million, [36] [37] [38] with plans on building a new $5 billion domed stadium on the land. [39] Demolition of former Arlington Park began in May, 2023, [40] but after disagreement over the property tax assessment, [41] prompted the Bears to explore alternative sites for its planned stadium.
Gov. JB Pritzker is not certain whether a new partially taxpayer-funded new stadium for the Chicago Bears should be a priority for the state, seen here on the the House floor in the Illinois State ...
The new stadium would be constructed on a parking lot just south of Soldier Field, the Bears' home since 1971. The team’s lease at the 100-year-old stadium runs through 2033.
In 2024, it was reported that the Chicago White Sox and its owner Jerry Reinsdorf were in discussions with Related Midwest to potentially build a new stadium on the site to replace Rate Field following the end of the team's lease in 2029. [12] In addition to the stadium, the plan calls for retail, offices, and housing. [13] [14] [15] [16]
The Chicago White Sox's desired price for their new stadium is coming into focus, and it is not small. White Sox owner Jerry Reinsdorf is preparing to ask Illinois Gov. J.B. Pritzker and other ...
In 2013, Bradley Stephens, the mayor of Rosemont, proposed the area of where Impact Field is now located as a possible site for a new Chicago Cubs stadium. [ 2 ] In September 2017, Impact Networking, a provider of business technology services, purchased the naming rights to the ballpark, then under construction, for a 12-year period, for an ...
Since purchasing the Chicago Cubs baseball team and Wrigley Field in 2009, the Ricketts family have been pursuing an extensive renovation of the stadium and the surrounding venue. At its outset, the 1060 Project (so called after Wrigley Field's Addison Street address) was projected to cost $575 million and was to be completed in four phases ...
The Chicago Bears' proposal to fund a new lakefront stadium remains a “non-starter," Illinois Gov. J.B. Pritzker's office said after top aides met with team officials on Wednesday. The Bears ...