How Bears plan to fund Chicago stadium project, and how much it will cost taxpayers

Getting down to the bottom line for a potential Bears stadium project in Chicago

Bears COO and executive vice president of stadium development Karen Murphy said in a presentation on Wednesday that the team expects the entire stadium project to cost $4.7 billion: $3.2 for the stadium itself and just over $300 million for the infrastructure required to open it, then $1.2 billion for two other phases of development.Last month, the team confirmed it would contribute $2 billion dollars to fund the majority of the project.

There wasn’t a clear answer as to where the team would get the $300 million for the infrastructure, however. Murphy said the team is still working with the state and looking into different funding sources. “I’m going to repeat that one more time to make sure that everybody gets it,” Johnson said after the announcement. “This project will result in no new taxes on the residents of Chicago.”

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