Chicago Bears Release Open Letter, Stadium Property Concept Ahead of Arlington Heights Community Meeting

#ad▼
 SUPPORT UKRAINE  or   SIGN UP AMAZON PRIME  
Alex Maragos, NBC 5 Chicago working as a reporter tonight at the former Arlington Park (CARDINAL NEWS)
Alex Maragos, NBC 5 Chicago, working as a reporter tonight at the former Arlington Park (CARDINAL NEWS).

TV news stations arrived at the former Arlington Park and downtown Arlington Heights as news reports zeroed in on Arlington Heights a little early this week regarding the Chicago Bears — ahead of an announced community meeting scheduled by the Chicago Bears at John Hersey High School on Thursday, September 8, 2022 from 7:00 p.m. to 9:00 p.m. Here’s why … the Chicago Bears Open Letter Regarding Arlington Park …




“‎In September 2021, the Chicago Bears signed an agreement for the purpose of acquiring 326 acres of property in Arlington Heights to secure the potential of beginning a new and exciting chapter there. We remain under contract to purchase the property, but there are conditions that must be met in order to be in a position to close. If we do close on the property, it does not guarantee we will develop it. While under contract with the seller of Arlington Park, we will not be discussing or exploring any other alternative stadium sites or opportunities, including renovations of Soldier Field. Much remains to be decided, but any decision will be made in the best interests of the Bears long-term future, our fans and the Chicagoland community.

‎”If the team does proceed with the purchase of the Arlington Park property, and if the Bears organization then chooses to proceed with the development of the property, the project will be one of the largest development projects in Illinois state history. We envision a multi-purpose entertainment district anchored by a new, best-in-class enclosed stadium, providing Chicagoland with a new home worthy of hosting global events such as the Super Bowl, College Football Playoffs, and Final Four.

“‎Make no mistake, this is much more than a stadium project. Any development of Arlington Park will propose to include a multi-purpose entertainment, commercial/retail, and housing district that will provide considerable economic benefits to Cook County, the surrounding region and State of Illinois. The long-term project vision for the entire property is an ongoing work-in-progress, but could include: restaurants, office space, hotel, fitness center, new parks and open spaces, and other improvements for the community to enjoy.

“Above all, the Bears organization is committed to ensuring the project serves Cook County, the Chicagoland community and people of Illinois 365 days a year. If the decision is made to develop Arlington Park, it would yield significant economic benefits commensurate with the scale of the project. Construction of the proposed project is projected to create more than 48,000 jobs, result in $9.4 billion in economic impact for Chicagoland, and provide $3.9 billion in labor income to workers across the region, while the completed project will create more than 9,750 long-term jobs, result in $1.4 billion in annual economic impact for Chicagoland and provide $601 million in annual labor income to workers across Chicagoland. We also anticipate that the development will generate $16 million in annual tax revenue in addition to property taxes for Arlington Heights, $9.8 million for Cook County, and $51.3 million for the State of Illinois.

‎”While the Bears will seek no public funding for direct stadium structure construction, given the broad, long-term public benefits of this project, we look forward to partnering with the various governmental bodies to secure additional funding and assistance needed to support the feasibility of the remainder of the development.

“‎We are taking serious steps to evaluate the unique opportunity presented to us. The Bears remain committed to Soldier Field and will honor the terms of its lease. While the prospect of a transit-oriented mixed-use and entertainment district anchored by a new enclosed stadium is exciting for the Bears and the entire state, there is much work to be done before we can close on the property, and then, whether we will develop it. We look forward to working with key partners and stakeholders across the Chicagoland community and State of Illinois in the months ahead.”

Preliminary Master Plan Version Aerial (SOURCE: Harthowerton/Chicago Bears)
Preliminary Master Plan Version Aerial (SOURCE: Harthowerton/Chicago Bears).
Preliminary Master Plan Version looking southeast down the mall (SOURCE: Harthowerton/Chicago Bears)
Preliminary Master Plan Version looking southeast down the mall (SOURCE: Harthowerton/Chicago Bears).
Preliminary Master Plan Version map (SOURCE: Harthowerton/Chicago Bears)
Preliminary Master Plan Version map (SOURCE: Harthowerton/Chicago Bears).

MORE PHOTOS BELOW ADS …




^^ MOBILE? USE VOICE MIC ^^

 facebook … 

Please ‘LIKE’ the ‘Arlington Cardinal Page. See all of The Cardinal Facebook fan pages at Arlingtoncardinal.com/about/facebook …


Help fund The Cardinal Arlingtoncardinal.com/sponsor


THANKS FOR READING CARDINAL NEWS

TV station remote trucks lined up at the Arlington Heights Village Hall during the Village Board meeting Tuesday, September 6, 2022 (CARDINAL NEWS)
TV station remote trucks lined up at the Arlington Heights Village Hall during the Village Board meeting Tuesday, September 6, 2022 (CARDINAL NEWS).
WGN News remote truck lined up at the Arlington Heights Village Hall during the Village Board meeting Tuesday, September 6, 2022 (CARDINAL NEWS)
WGN News remote truck lined up at the Arlington Heights Village Hall during the Village Board meeting Tuesday, September 6, 2022 (CARDINAL NEWS).
Alex Maragos, NBC 5 Chicago, during his news report live from Arlington Park on the 6 PM News (CARDINAL NEWS)
Alex Maragos, NBC 5 Chicago, during his news report live from Arlington Park on the 6 PM News (CARDINAL NEWS).
Arlingtoncardinal.com is an Amazon Associate website, which means that a small percentage of your purchases gets paid to Arlingtoncardinal.com at no extra cost to you. When you use the search boxes above, any Amazon banner ad, or any product associated with an Amazon banner on this website, you help pay expenses related to maintaining Arlingtoncardinal.com and creating new services and ideas for a resourceful website. See more info at Arlingtoncardinal.com/AdDisclosure