Bears Plan to Commit $2B to New Domed Stadium in Chicago
The Chicago Bears plan to build a new domed stadium south of Soldier Field, according to reports.
The franchise intends to invest $2 billion in the publicly owned domed stadium and park space that would feature year-round community amenities. The domed stadium would allow Chicago to bid to host events such as Super Bowls and NCAA Final Fours.
“The Chicago Bears are proud to contribute over $2 billion to build a stadium and improve open spaces for all families, fans and the general public to enjoy in the City of Chicago,” Bears president and CEO Kevin Warren said in a statement. “The future stadium of the Chicago Bears will bring a transformative opportunity to our region—boosting the economy, creating jobs, facilitating mega events and generating millions in tax revenue. We look forward to sharing more information when our plans are finalized.”
In February 2023, the organization finalized the purchase of a 326-acre property for $197.2 million that formerly housed Arlington International Racecourse in Arlington Heights, Ill. However, plans to build a stadium there stalled, and the team began considering other sites last summer.
The Chicago Tribune reports that a poll indicates 77% of Chicagoans support keeping the team in the city.
Soldier Field is the smallest current NFL venue with a capacity of 61,500. It’s also the oldest stadium in the league, having originally opened in 1924, although it underwent a major renovation in the early 2000s. The team’s lease at Soldier Field runs through 2033, although it can be broken earlier if the team is willing to pay a fee.