- NFL team is committed to contributing more than $2B, CEO says
- Bears were considering moving to Arlington Heights, a suburb
The Chicago Bears are taking steps to stay in the third-largest US city with a plan to contribute more than $2 billion of private investment to build a new stadium.
After more than a year of speculation that the team would move to a new site in the suburbs, Bears Chief Executive Officer and President Kevin Warren revealed the new proposal on Monday.
“The Chicago Bears are committed to contributing 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,” Warren said in an emailed 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.”
Bloomberg Markets
By Shruti Singh and Maxwell Adler
March 11, 2024