The Chicago Bears are planning to build a new, state-of-the-art stadium in Arlington Heights, marking a significant shift from their long-standing history of playing at Wrigley Field and Soldier Field since 1921.

The team purchased the former Arlington Park Racetrack land in February 2023 for nearly $200 million and has committed over $5 billion to develop a comprehensive sports and entertainment complex.

This development aims to include a 60,000-seat domed stadium, along with retail, office space, hotels, and residential units, transforming Arlington Heights into a year-round destination.

The project is designed to host a variety of events, from NFL games and college football to concerts and international soccer matches, with an estimated 1.5 million visitors annually.

The Bears plan to finance the stadium privately, but they are seeking legislative approval for public support, including a bill to freeze property taxes, which is crucial for the project's progress.

A proposed legislative bill aims to freeze property taxes for the project, with estimates suggesting the development could generate over $15 million annually in local tax revenue and create thousands of jobs.

The project is expected to generate approximately 56,000 construction jobs and 9,000 permanent positions, significantly boosting the local economy.

Village officials emphasize the importance of a 'megaproject bill' to support infrastructure and negotiate tax arrangements, viewing the project as vital for regional economic growth.

Over 40 years, the redevelopment could increase local tax revenue by about $15 million annually, totaling over $500 million, and support the creation of thousands of jobs.

The project aims to turn Arlington Heights into a vibrant hub, supporting regional economic development and attracting over a million visitors annually, pending regulatory approvals.

Additional studies are underway to evaluate infrastructure needs, traffic, and transportation impacts, with results to be shared with the public to ensure transparency.

Team President Kevin Warren highlighted that the move is an expansion, not abandonment, emphasizing benefits like better fan access and a stronger connection to the broader Chicago area, with plans to bid for the 2031 Super Bowl.

The Bears intend to host major events and aim to complete the stadium plans within the year, with the hope of securing public funds and legislative approval to facilitate construction.