Bears sign purchase agreement for Arlington International Racecourse

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) After a difficult few days with Matt Nagy’s sloppy offense and the use of rookie quarterback Justin Fields as a quarterback, Bears fans finally received some good news that should ensure a bright future.

According to The Athletic, the Bears have signed a purchase agreement for the Arlington International Racecourse property in Arlington Heights. Official announcements of the move are expected Wednesday morning.

This could be just a negotiation tactic. It could also be a way to develop a state-of the-art stadium.

We are not surprised at this decision. We remain committed to continuing the work to keep the team in Chicago and have advised the Bears that we remain open to discussions,” a spokesperson for the mayor’s office told The Athletic. The City views this decision as a business decision just like the Bears do. Soldier Field has signed major contracts with the Chicago Fire this season and Soldier Field hosted last weekend’s Shamrock Series — both of these events are very lucrative for the Chicago Park District as well as the local economy.

These examples and many others show that Soldier Field is still a highly sought-after venue. The Mayor also stated that overall the City and Park District should explore all options to improve the Soldier Field experience for visitors and fans year-round and maximize revenue. We must act in the best interest of our taxpayers, maximize the financial returns at Soldier Field and do everything we can to make it a profitable place for them. The Mayor repeatedly stated that the Bears are welcome to visit City Hall .”

The Bears lease at Soldier Field is through 2033. The city would still have to pay $84 millions if the Bears break the lease in 2026.. After 2026., it would drop.

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