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OFFICIAL: Bears Sign Purchase Agreement to Buy Arlington Park Property

It’s official, the Chicago Bears have signed a purchase agreement to buy the land formerly home to Arlington International race track.

Chicago Bears

After last night’s leaked report that the Chicago Bears signed a purchase agreement for the old Arlington International race track, the team confirmed the news officially on Wednesday morning.

The Bears are frustrated with the city of Chicago. Numerous reports have cited the Bears asking to add a sportsbook at Solider Field. Rather than working to get a deal done, the city told the Bears they’re putting their desires on the back burner. The Bears frustration is clearly boiling over with the latest news.

Despite the efforts from the city of Chicago to work with the Bears, this presents a golden opportunity to develop the former race track into a year-round money making opportunity for the Bears. Owning their own stadium and any amenities they add (perhaps a sportsbook) will bring in extra revenue for both the Bears and Arlington Heights.

The city of Chicago is committed to keeping the Bears within the city limits. Mayor Lori Lightfoot’s message on Twitter is a clear indicator of that.

Despite Chicago’s intentions, the Bears are in the driver’s seat. If they do not like where their discussions with the city are moving, the team will happily pull the plug and move to Arlington Heights. Per reports, it will only cost the Bears $84 million to break their lease for Solider Field with the city. That dollar amount will be pocket change when the Bears recoup that money with their marvelous new stadium.

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Work as an accountant by day. Huge Chicago sports fan. Played college football and only wish I could skate well enough to play hockey. Twitter: @rnldluce Instagram: @rnldluce

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