Arlington Heights has an entire city budget of under $200 million with sky high property taxes to begin with. As part of our mutual agreement with the seller of that property, we are not pursuing alternative stadium deals or site.. The mayor also added that she wanted the Bears to focus on more important things, like beating the Packers. 130 E. Randolph St. Chicago Mayor Richard M. Daley unveiled a surprise plan for a $395-million conversion of Soldier Field that would add a retractable dome over the stadium where the Chicago Bears play. Learn more atLearn more at Chicago.gov/COVIDVax. In the meantime, we remain committed to fulfilling our Permit Operating Agreement (POA) at Soldier Field. Soldier Field Gets Glitzy Overhaul (And Much More Food) The estimated costs for each option have not been finalized yet, but the city said they are expected to range between $900 million and $2.2 billion. She asserts that the team would be at least $1 billion to $1.5 billion better off if it stayed at Soldier Field rather than building a new facility. Latest Bears stadium legislation would add $3 to ticket "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," Phillips said in a statement. Still, Lightfoot said she's confident the Bears will give the city's proposal for a domed Soldier Field a chance. Daley previewed his plan for Gov. renovations The only potential project the Chicago Bears are exploring for a new stadium development is Arlington Park, that statement said. Daley said the renovation would be financed with $175 million from the Bears, $160 million in taxes on hotel stays and restaurant meals in Chicago, and $60 million from Soldier Field revenue bonds. "This announcement from the Bears comes in the midst of negotiations for improvements at Soldier Field. Chicago, IL 60601 "We have informed the City of Chicago that we intend to honor our contractual commitments as we continue our due diligence and predevelopment activities on the Arlington Heights property. Soldier Field Background papers distributed by the mayors press office indicate the stadium would be expanded to up to 70,000 seats, from 61,500 now. Proceeds from the $3 admission tax would go to help pay off debt incurred to fund renovations of Soldier Field two decades ago. Soldier Field renovation - Chicago Tribune Add secondary club and activation areas to as many as 20. Improve your language skills? This is clearly a negotiating tactic that the Bears have used before," Lightfoot said at the time. Soldier Field makeover plans are out. Will the Bears care? Rendering of a proposal to renovate Soldier Field with a dome and thousands of new seats. The main reason behind Mayor Emanuel's desire to renovate is likely his desire to bid for the 2019 Super Bowl. Dramatically expand the opportunity for major sponsorships and naming rights. The Chicago Tribune did some digging back in July and found that the Bears would be able to get out of the lease in 2026 by paying a penaltyof $84 million. Soldier Field remains an incredible asset for City residents and visitors. It hurts.. On Wednesday, NFL owners approved a couple of Soldier Field renovation projects for the Chicago Bears. 11:44 am ET, get out of the lease in 2026 by paying a penalty, Ranking teams likely to land Williams in 2024 NFL Draft, Prisco's 2023 NFL Draft grades for all 32 teams, Exploring Titans' options at wide receiver, Cowboys' 'ship has not sailed' on bringing back Zeke, Best post-draft fits for top-remaining NFL free agents, Bears one step closer to leaving Soldier Field, Prisco's draft grades for all 32 teams: Eagles ace it, Best, worst, most interesting pick for all, Winners, losers from the draft: Crafty Colts, Undrafted free agent tracker: Team-by-team list of signings, 10 veteran moves that should happen post-2023 draft, Report: Bucs star Barrett's daughter, 2, drowns in pool, NFL schedule release target date, plus 5 things we know, Steelers' draft haul one the team hadn't seen in 38 years. If the Bears started the process of planning a new stadium at some point next year and the stadium took four years to complete -- from the design stage to the final day of construction -- they could cut an $84 million check to the city of Chicago in 2026 and start playing at their new stadium then. Sign up for our newsletter and have updates delivered to your inbox! Who would pay for it? The Arlington Park site, which is 30 miles northwest of Soldier Field, could be the site of a new stadium for the Bears in the future. In May, construction will finish on another building and allow the number of soldiers living doubled up to drop to about 50. This plan is essentially the same, with a few major additions. Soldier Field
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