We only have 61,000 seats down there," Vedder said. It started with them waking up on Monday, winning a game, and sliding into the Eastern Conference's eighth seed. The team has reached a deal to buy the 326-acre Arlington International . The news regarding the Bears' potential move to the northwest suburbs has triggered numerous . Find 4 listings related to Bears Bar in Arlington Heights on YP.com. While there is still much to be done before things are finalized, the Bears seem intent on making it happen. The racetrack is expected to close after . So, why could a Bears-Arlington Heights marriage make sense? They didn’t figure this would get as big as it is over the years.". The Bears have made overtures to Arlington Heights as well as to other suburbs several times in the past and, of course, those approaches never turned into anything real. The ordinance comes after the Bears signed an agreement to purchase the entirety of Arlington Park, which previously housed the Arlington Race Course. Chicago Fire. At that time, experts estimate the team would have to pay . "The contract that the Bears and the park district signed does provide for the Bears to be able to relocate out of Soldier Field," Ganis said. Chicago could host Super Bowls, Final Fours, etc. And why not give people a chance to weigh in on that conversation?". Ganis has been in the business for decades and has worked on stadium projects for several NFL teams, including the Pittsburgh Steelers and the Oakland Raiders. But what if his beloved Chicago Bears were no longer playing at the historic Soldier Field? The Mayor of Arlington Heights told Crain's Chicago Business that after recent discussions with a team executive, the Bears aren't ruling out leaving Chicago and that new stadium on the site . The Bears and Churchill Downs Incorporated signed a Purchase and Sale Agreement (PSA) this week for the entire Arlington Park land parcel in the Village of Arlington Heights. The Bears current lease of Soldier Field runs through 2033, which means if the McCaskey family does follow through with moving the team, they’d be on the hook for $84 million if they broke the team’s lease. Would he still go to a bear’s game in sub-zero weather in Arlington Heights? The Bears are serious. Information on more than 3,000 companies, sorted by category. Even if the city could buy the team, it’s not clear that the McCaskey family, which owns the Bears, would want to sell. General exterior views at Arlington International Racecourse on September 29, 2021 in Arlington Heights, Illinois. "I don't think the city, first of all, can afford it. First, and foremost, the Chicago Bears will always be "Da Chicago Bears." Moving to Arlington Heights, an aforementioned suburb of Chicago, would do nothing to change that. Before the Bears need to figure out how to pay for a new stadium, they first have to find out if Churchill Downs accepts their bid. Chicago mayor Lori Lightfoot said nothing has been settled yet. The Arlington Heights Bears of Chicago? © 2021 AB Media Inc. All rights reserved. A stadium expected to host 75,000 or more, such as the proposed Bears stadium in Arlington Heights, is a logistical . "They refer to it as an improper relocation in the lease … and there is a provision of liquidated damages that would be paid to the park district for an improper relocation.". The John Williams NewsClick: The Bears in Arlington Heights NewsClick. That's a powerful reason to decamp to the suburbs. "How many people live in Chicago that have Bears tickets and how many live in the suburbs? Listings are updated daily. MLS-related as it would leave the Fire as the main tenant of Soldier Field. ↓, Bears May Have Already Named New Stadium: Report, Please review our privacy policy here: https://heavy.com/privacy-policy/, Copyright © 2021 Heavy, Inc. All rights reserved. CHICAGO — The Chicago Bears reportedly signed a purchase agreement for the sprawling 326-acre site that holds the newly closed Arlington Park racetrack in northwest suburban Arlington Heights, a move that sets the stage for the team to make good on its on-again, off-again threat to leave the city. What kind of dream you ask? "This location happens to be extraordinary," Ganis said. As the NFL's Chicago Bears threaten a move from Soldier Field to a new facility in Arlington Heights, one alderman thinks the city should consider buying the team. Or one Richard . One of the biggest clues to support this comes from the October 13 column from O’Donnell, who revealed what the team’s new stadium could potentially be called. The Chicago Bears, Churchill Downs Incorporated and the village of Arlington Heights released a Sept. 29 morning joint statement confirming the news. FILE - In this July 16, 2010, file photo, orses and jockeys make their way from the paddock to the race track at Arlington Park in Arlington Heights, Ill. Perhaps make good on a threat Richard J. Daley made when the Bears discussed moving to Arlington Heights in 1975: Make them be the Arlington Heights Bears (legal viability unclear). Churchill Downs Inc., owner of the 326-acre property in Arlington Heights, said the price was $197.2 million and anticipated closing the sale in late 2022 or early 2023. Churchill Downs Inc., the owner of Arlington International Racecourse in Arlington Heights, said it has signed a deal to sell the 326-acre property to the Chicago Bears for $197.2 million. Quite a bit of red tape remains, but based on Chicago’s activity in recent months, it’s looking like the move from Soldier Field to Arlington Heights is becoming more of a reality by the day. George Stanley Halas, of course, was the founder and longtime owner of the Bears, and his daughter, Virginia Halas McCaskey, currently owns the team. The stadium was . Bears announce purchase agreement for Arlington Heights racetrack land, one step closer to stadium relocation Back in June when the Bears announced a bid on the property, Mayor Lightfoot released . For years, many sports critics have said the Bears’ Soldier Field deal was not a good one. In a league where new, state-of-the-art facilities are going up every season, the Bears are stuck in the 1930s as they remain in Soldier Field. I don' think there's a taste of the taxpayers to buy the team and move forward on something like that.". The Chicago Tribune also noted on October 21 that many others still have to sign off on the Bears’ move before it’s official: “The team likely would need to get preliminary approval from the village board for its plans to close the sale … the team also would likely need approval from the village plan commission, design commission, engineering, public works, and legal departments.”. A 326-acre plot of land in Arlington Heights. Round 1: What the Mayors Said. Soldier Field was renovated in 2002 and . CHICAGO - It’s a dance the Bears have been doing for decades with the City of Chicago: will they or wont they move out of Soldier Field? The Chicago Bears and Arlington Park owner Churchill Downs Inc. have signed a $197.2 million purchase and sale agreement for the iconic racetrack and the sprawling property surrounding it, officials announced Wednesday morning. If they win the bid, the Bears would suddenly have the real estate necessary to build a new stadium. That's why Wednesday's news that the Bears have secured a purchase agreement worth $197.2 million for Arlington International Racecourse in Arlington Heights is so significant. Since we've been down this road before, why does it seem the Bears mean business this time? "That makes sense, not just for the Bears but for the taxpayers.". The Chicago Bears on Wednesday announced the purchase of the Arlington International Racecourse facility and 326 acres of land in Arlington Heights from Churchill Downs, a property which cost $197 . • Sept. 29, 2021 — After the news leaked late the night before, the Bears and Churchill Downs formally announce they've reached a $197.2 million agreement for the sale of Arlington Park. "It’s one billion dollars that in the end someone is someone is going to have to come up with. Bears president Ted Phillips announced that the team has made a bid to purchase a chunk of land in Arlington Heights, which sits roughly 35 miles outside of Chicago. It would be an appropriate name, to say the least. The Company has agreed to sell the 326-acre property in Arlington Heights, Illinois, ("the Property") currently the home of Arlington International Racecourse, for $197.2 million. The Chicago Bears have tried before to obtain the Arlington Park racetrack property but according to a report in the Arlington Heights Daily Herald an official bid has now been made by the team. It's possible at a new Bears stadium. The smaller the market, the higher the public sector participation," Ganis said. News of the deal—which still hasn't closed—was first reported by The Athletic and later confirmed by the Bears . Perhaps make good on a threat Richard J. Daley made when the Bears discussed moving to Arlington Heights in 1975: Make them be the Arlington Heights Bears (legal viability unclear). The Chicago Bears are one step closer to a potential move from Soldier Field to Arlington Heights. Would love your thoughts, please comment. WOW: The Bears Are Bidding to Purchase the Arlington International Racecourse Property. With the land purchase completed, the Bears go on a public relations offensive to convince state lawmakers that Illinois would benefit from a publicly funded stadium in Arlington Heights. Since it takes at least five years to build a new NFL stadium, the earliest the Bears could "improperly relocate" to Arlington is in 2026. FILE - In this Aug. 21, 2010, file photo, jockey Inez Karlsson, left, is led to the track on Exchanging Kisses before the fourth race prior to the 28th running of the Arlington Million horse race at Arlington Park in Arlington Heights, Ill. The Bears are moving closer toward moving out of Soldier Field. Though not directly related to Arlington Park, the deal showed the Bears and Churchill were willing to do business together. As the NFL's Chicago Bears threaten a move from Soldier Field to a new facility in Arlington Heights, one alderman thinks the city should consider buying the team. He's got the collection of Bears paraphernalia to prove it. (Photo by Stacy Revere/Getty Images). The Chicago Bears announced in June that they had placed a bid to buy Arlington Heights, revealing their interest in leaving Soldier Field in favor of a massive new venue with a plethora of possibilities. The larger the market, the lower the public sector participation. There's been plenty of smoke surrounding the idea of the Chicago Bears moving out of Soldier Field. ess than one month after reaching a deal on a purchase agreement to buy Arlington Park, the Chicago Bears have reportedly begun taking the next steps towards building a stadium outside the city limits and in the suburbs. The Bears moving closer to an Arlington Heights address was the type of news bomb that made you call friends, post on social media and take a hardline stance of either for or against. It's a seismic and refreshing break from history. The current approach has . Bears Move To Arlington Heights Is A Private Decision: Pritzker - Arlington Heights, IL - Gov. We checked with the mayor of Arlington Heights and he is anticipating a decision from Churchill Downs in the next two months. The rumors surrounding the Bears' potential move to Arlington Heights have circulated for many years now. For the Bears, it's time to stop selling a distant past and start buying a brighter future. Any new major event venue is a logistical puzzle that can't please everyone. The Chicago Bears announced Thursday that they have placed a bid to buy Arlington International Racecourse. "Also, recognize that the economics of the NFL have changed dramatically in the time that the Soldier Field renovation was approved.". Honoring Halas in the name of the team’s new stadium seems only fitting — but it’s by no means a certainty, as the team hasn’t confirmed the news, nor has ground been broken on a new stadium yet. I guarantee you its 80% suburbs, 20% Chicago," Vedder said. Posted: Sep 29, 2021 / 04:00 PM CDT / Updated: Sep 29, 2021 / 04:00 PM CDT. Mike Ditka saying the Bears belong on the lakefront is like saying GoldenEye is the greatest video game ever, which is why you haven't upgraded your console from the N64. The prospect of the Chicago Bears leaving their longtime home at Soldier Field and building a new stadium in suburban Arlington Heights just became a little more real: The team signed a purchase and sale agreement for the 326-acre Arlington International Racecourse property. The Chicago Bulls are having their best week in a long time. The CEO of Churchill Downs (which has a separate gambling relationship with the Bears) bolsters the notion that the Bears could build a stadium on the Arlington Heights property. Idk about Arlington Heights, But.. the Bears need to abandon Soldier Field and get a real NFL stadium. "That’s about what a new stadium would cost.". Powered by. The Bears currently play their home games at Soldier Field, the stadium was last renovated back in 2003 when it completed a 20-month renovation. Officials did so again in the mid-1980s. Subscribe to the, Bears QB Andy Dalton Linked to Potential New Trade Destination. Cardenas believes that if Chicago were able to find the funds to purchase the team, it would be able to keep the Bears at Soldier Field. Just at the end of last month, The Chicago Bears bought Arlington International Race Park out in the northwest suburb of Arlington Heights. Ganis is the head of Sportscorp — a Chicago based sports consulting firm. The winds of a possible change began swirling back in June. "The Bears are very serious.". Andy Berg. "I have no idea where the bidders are for Arlington Park, but what I can tell you is that … the Bears expressing the level of interest that they have would make other real estate parties that are bidding on the land really interested in partnering with the Bears," Ganis said. "Had 9/11 not happened 20 years ago, that piece of property would have been named something else.". Brendan Sugrue and I fired up the old email conversation machine to talk about what's ahead for the Bears, Chicago and the suburb they're almost certain to move . FILE PHOTO: Arlington Park. Get industry news, insights, and new product information delivered straight to your inbox. The Chicago Bears look poised to move to Arlington Heights, one alderman wants to explore buying the team to prevent that from happening. ARLINGTON HEIGHTS, Ill. — The Chicago Bears may be moving to Arlington Heights. Nov 19, 2021. Arlington Heights Mayor Tom Hayes. ", "I know from my discussions at the league, this is not a bluff," said Marc Ganis. ALL the latest Bears news straight to your inbox! A week later, the team announced its first-ever multi-year partnership with BetRivers and Rivers Casino, a sports betting and gambling
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