While the deal to buy the Arlington Heights property has yet to close, the Bears say they are not in the market for alternative sites — including a renovated Soldier Field.
Landmark Development shared new details in a video Sunday of what a reimagined Soldier Field could look like as the Chicago Bears consider a deal to leave the historic South Loop field and build a new stadium in Arlington Heights.
The six-minute video, voiced by former Chicago news anchor Bill Kurtis, is meant to gain traction for the proposed $2.2 billion renovation of Soldier Field as an alternative to building a new stadium in the northwest suburbs. Keeping the Bears at Soldier Field might also help the cause of One Central, a proposed $3.8 billion mixed-used entertainment and transit development Landmark is hoping to build above a 32-acre rail yard near the stadium and Museum Campus.
Founded in Decatur, the Bears moved to Chicago in 1921 and played at Wrigley Field for 50 years. In 1971, they shifted to Soldier Field, where the Chicago Park District became their landlord. The Bears pay $6.48 million per year under the current lease, which runs through 2033, but the team can exit early by paying a penalty.
An adjacent outdoor concert venue would use the stadium’s infrastructure, with a rotating northern wall providing interior access. While Dunn declined to give a cost projection, he said the previously disclosed $2.2 billion renovation estimate remains in the ballpark. Utilizing 70% of the infrastructure already in place, the renovation saves up to $1.5 billion over building a comparable stadium from scratch, he said.“Stadiums today are predominantly funded by teams,” he said. “The teams really do bear a significant burden of the costs of building stadiums.
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