Chicago Bears full $197.2 million buy of Arlington Heights property

The Chicago Bears bought the property that they’ve been sizing up for a brand new stadium in suburban Arlington Heights on Wednesday.

The Bears introduced that they purchased the 326-acre property for $197.2 million. 

The crew cautioned, nevertheless, that the acquisition doesn’t imply plans for a brand new domed stadium and an leisure district will come to fruition.

“There is still a tremendous amount of due diligence work to be done to determine if constructing an enclosed state-of-the-art stadium and multi-purpose entertainment district is feasible,” the Bears mentioned in an announcement.

The Bears at the moment play at Soldier Field in downtown Chicago.

Economic analysts say making a Bears leisure district would create greater than 48,000 jobs and generate $9.4 billion for the native financial system.

“The Bears will continue to work closely alongside the Village of Arlington Heights, surrounding municipalities and their residents to solicit extensive feedback on how we can best benefit local communities and Bears fans across Illinois,” the assertion reads. “This planning will include a robust diversity, equity and inclusion program that prioritizes local hiring throughout every stage of the development.”

Reporting by The Associated Press.

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