Chicago Bears officially sign purchase agreement for Arlington Park

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CHICAGO – The Chicago Bears have informed the office of Chicago Mayor Lori Lightfoot that the team has signed a purchase agreement for the Arlington International Racecourse property in the northwestern suburb of Arlington Heights.

However, city officials insist it’s not a done deal that the team will leave the lakeside. Their lease runs until 2033.

“We remain committed to continuing to work to keep the team in Chicago and have informed the Bears that we remain open to discussions. However, just as the Bears see this as a business decision, so does the city, ”a spokesperson for the mayor said in a statement to WGN News.

The Bears still have several years of lease with the Chicago Park District for Soldier Field, and the two sides were negotiating the terms of a new deal when the team submitted an offer for the suburban site.

Many saw it as a negotiating tactic.

“The city and the Parks District must explore all options to improve the visitor and fan experience at Soldier Field year-round and maximize revenue,” a spokesperson for Mayor Lori Lightfoot said in a statement. “Therefore, we must do what is in the best economic interest of our taxpayers and maximize the financial benefits of the important asset that is Soldier Field. As for the Bears, the mayor has said it several times, our door at Town Hall remains open to engage the Bears. “

Bears’ purchase contract for the Arlington Heights property was first reported by Athleticism, who said the team will make an official announcement on Wednesday morning.

The full statement from the mayor’s office reads as follows:

“Tonight the Bears informed us that they have signed a purchase agreement for the Arlington Park property. We are not surprised by this movement. We remain committed to continuing the work to keep the team in Chicago and have informed the Bears that we remain open to discussions. However, just as the Bears see it as a business decision, so does the City. This season, Soldier Field signed a major contract with the Chicago Fire and last weekend Soldier Field hosted the Shamrock Series, two lucrative businesses for the Chicago Park District and the local economy. These and other examples demonstrate that Soldier Field remains a highly sought after location and, as the mayor has said on several occasions, overall the city and the parks district need to explore all options to improve both the visitor and fan experience at Soldier Field. round up and maximize income. Therefore, we must do what is in the best economic interest of our taxpayers and maximize the financial benefits of the important asset that is Soldier Field. As for the Bears, the mayor has said it several times, our door at Town Hall remains open to engage the Bears. “

Full statement from Mayor Lori Lightfoot’s office


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