Stadium Plan Unveiled by Bears Faces Economic Challenges

The Bears unveiled their Soldier Field south lot stadium plan Wednesday along with all the hoopla associated normally with a Super Bowl—something they hope to bring to Chicago for the new facility.

Warren touted the private investment as key and historical for Chicago. They would be funding about 72% of the construction of the stadium itself. Warren said the pursuit of this project reiterates the team's intent to remain in the city rather than develop a similar project at the 326-acre Arlington Park International Racecourse land it currently owns."As a life-long Bears fan, it is an honor to be here to celebrated the Bears committment to remaining the Chicago Bears."

Public infrastruture improvements would be about $1.3 billion for the completed project. The domed stadium would be a public-private project with about $900,000 coming in public funds from the Illinois Sports Facilities Authority. They would roll over existing stadium debt, and the plan calls for the new borrowing to be paid off over 40 years, which also would require legislative approval. The approval would be for the bond usage from the ISFA.

Chicago Bears Lakefront Chicago Bears Stadium Brandon Johnson Kevin Warren

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