Sports
Developers Pitch Bears Stadium In Chicago, Offer To Buy Arlington Park Site
A proposed Bronzeville stadium would anchor a $10 billion development at and around the former Michael Reese Hospital site.
CHICAGO — Developers unveiled a $10 billion proposal Thursday aimed at keeping the Bears in Chicago — including an offer to purchase the team’s Arlington Heights property.
The proposed Bronzeville Lakefront development would span about 100 acres at and around the former Michael Reese Hospital site, with a 75,000-seat domed stadium, housing, hotels, entertainment and public space, WTTW reported.
Capri Investment Group and GRIT Chicago are behind the proposal. Capri and its partners said they would buy the Bears' Arlington Heights property if that investment prevents the team from considering the Chicago location.
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The Bears previously rejected the Michael Reese site over space and railroad-related concerns. A team spokesperson declined to comment on the new proposal, according to the Chicago Sun-Times. The announcement represents a developer pitch, with no commitment from the Bears, reports chicago.suntimes.com.
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