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Arlington Park

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sports1 year ago

"Kevin Warren Reveals Plans for New Bears Lakefront Stadium and $1B Campus Revamp"

Chicago Bears president and CEO Kevin Warren announced that building a new stadium on the lakefront in Chicago is now the team's priority over the previously planned Arlington Park location. The proposed stadium would be situated on the Waldron Deck and south parking lot land, with plans to release renderings and videos soon. Warren emphasized the potential for a state-of-the-art stadium to host various events and enhance the city's appeal, while acknowledging the challenges faced with the Arlington Heights project.

via The Athletic|
#arlington-park#chicago-bears#chicago-lakefront
sports1 year ago

"Bears Secure $2 Billion for New Chicago Stadium on Lakefront"

Arlington Heights reaffirms the Chicago Bears' interest in Arlington Park despite the team's commitment to building a new stadium in Chicago. The village emphasizes the potential benefits of the Arlington Park property and its commitment to ensuring any development provides broad community benefits. Meanwhile, the Bears have shifted focus to a publicly-owned domed stadium near Soldier Field in Chicago, citing a desire to contribute over $2 billion to build the stadium and improve open spaces. The team's ownership of Arlington Park and ongoing property tax negotiations with local school districts have played a role in the stadium decision.

via NBC Chicago|
#arlington-heights#arlington-park#chicago-bears
sports2 years ago

Arlington Park Demolition Underway for Chicago Bears' Future Plans.

The Chicago Bears have announced that they will begin the exterior demolition of the buildings at Arlington Park on Friday, which is expected to begin around 12:30 p.m. to 1:30 p.m. The team closed on the 326-acre property located in Arlington Heights for $197.2 million dollars in February, with the intent to explore building a new domed stadium along with commercial and residential development. The Bears have also announced their tentative schedule for the demolition of the buildings at Arlington Park.

via WGN TV Chicago|
#arlington-park#chicago-bears#demolition
sports2 years ago

Chicago Bears' Stadium Saga: Negotiation Tactics and Disloyalty to Taxpayers

The Chicago Bears are seeking "tax certainties" and other concessions before committing to building a new stadium on approximately one-third of the 326 acres that housed Arlington Park. However, taxpayers in the critical "Arlington Triangle" don't want any diminishment in community ambience and services, educational resourcing, or their tax monies diverted to the greater financial good of the Chicago Bears. Naperville Mayor Scott Wehrli is conducting "exploratory" conversations with Bears President Kevin Warren, but the Bears could advance their cause if they produced comprehensive studies regarding a new stadium on traffic, infrastructure, and general impact as promised to area officials close to one year ago.

via Daily Herald|
#arlington-park#chicago-bears#kevin-warren
sports2 years ago

Chicago Bears cleared to demolish Arlington Park racetrack for new stadium.

The Chicago Bears have been given approval to begin the initial phase of demolition plans for their new $5 billion stadium at Arlington Park, with interior demolition set to begin soon. The team closed on the purchase of the 326-acre site that held the former Arlington International Racecourse in February, paying $197.2 million for the property. However, the Cook County Assessor hiked the assessed value of the team’s newly acquired land, meaning their property tax bill could be headed for a major increase.

via NBC Sports|
#arlington-park#chicago-bears#demolition
sports2 years ago

Arlington Park racetrack demolition approved for bears.

The Chicago Bears have been granted permission to begin demolishing the interior of the Arlington Park racetrack, which they purchased earlier this year with plans to build a new stadium on the site. The team will need additional permission for exterior demolition. While the Bears have a lease at Soldier Field through 2033, they can negotiate an earlier departure if construction moves forward at Arlington Park.

via NBC Sports|
#arlington-park#chicago-bears#demolition
sports2 years ago

Arlington Park Demolition Cost and Bears' Move to Arlington Heights

The demolition of Arlington International Racecourse by the Chicago Bears will cost $3.8 million, according to documents filed with the village. The Bears are attempting to demolish the park to lower the assessed value of their land in hopes of paying a lower property tax threshold over the next two years. The schools value the land at $95 million, while the Bears countered with a $52.5 million land value and tax payments of $4.3 million.

via NBC Sports|
#arlington-park#bears#demolition
sports2 years ago

Bears file paperwork to demolish Arlington International Racecourse structures.

The Chicago Bears have filed paperwork to begin demolition at Arlington Park, starting with the interior of the grandstand. The move is believed to be an attempt to decrease the property value and avoid a significant tax increase. The Bears are asking the Board of Review to reassess the tax value of the property, hoping for a decrease of over $37 million. The team acquired the 326-acre land in February.

via NBC Sports|
#arlington-park#bears#board-of-review