However, during a triennial reassessment, Assessor Fritz Kaegi’s office placed the value at $197 million. The property was previously valued at $33 million by Cook County. They seemingly lost sight of the latter over the summer. The Bears have mentioned since the beginning they will need assistance with the infrastructure and property tax certainty. The Bears’ lease with Soldier Field is slated to end in 2033. The Bears have said numerous times that the purchase and development of the Arlington Heights property was their sole focus as it pertains to a new stadium. Public funds for infrastructure will provide regional improvements such as roads for better traffic flow and water drainage for residents throughout the area.” “For the development to move forward, and for this effort to be financially feasible, a public-private partnership addressing predictable taxes and necessary infrastructure funding for public uses is essential. If we proceed, however, this project would require assistance to ensure feasibility, including our securing property tax certainty and support for infrastructure commensurate with the public benefits the project will yield to the region,” the Bears said in a statement. “We have publicly stated and repeat here again: If we construct a state-of-the-art stadium, we will not seek taxpayer funds locally or otherwise for the structure. However, the team has said multiple times it will need help with the development of the other areas. The Bears have said from the start of the process that they will fully fund the construction of the stadium, which is expected to cost between $2 and $3 billion.

One year later, the Bears unveiled early plans to build a fully enclosed dome stadium on the property as well as a multi-purpose entertainment, commercial/retail, and housing district. The Bears first put a purchase agreement on the property in September of 2021. 15, the Bears released a letter saying they closed on the purchase of the 326-acre plot of land in Arlington Heights and the Arlington Park property 'to secure the potential of beginning a new and exciting chapter for the Bears, our fans, the Chicagoland community, and the State of Illinois.' Let's take a look at how the Bears and their stadium endeavors have unfolded so far. How did the Bears get here? What does the future look like? 'And if it turns out to be Arlington, it turns out to be Arlington.'

But one of the things I promised myself and promised the McCaskeys is that I would come in and take a fresh look at what's the right thing to do. 'We had that period where we were focused on Arlington. 'Everything is on the table,' Kevin Warren told Peter King on his podcast.

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