untung99.biz: What would new Arlington Heights stadium be like

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The Chicago Bears have called Soldier Field home since 1971 — but that could change later this decade.

The franchise on Sept. 29 announced it signed a purchase agreement for Arlington International Racecourse. Churchill Downs Inc., owner of the 326-acre property in Arlington Heights, said the price was $197.2 million and anticipated closing the sale in late 2022 or early 2023.

The Bears played home games at Wrigley Field from 1921-70 before moving to Soldier Field. And while they have flirted with leaving the downtown stadium several times in the last 50 years, the purchase agreement moves the Bears a step closer to securing property for a new stadium in the northwest suburb.

Obstacles remain, but if the Bears do move, it will be interesting to see how they develop the land: Would they build a domed stadium or one with a retractable roof? Or would they keep it an open-air venue? And what would they do with the surrounding area not used for the stadium?

[ The Arlington Heights Bears? Here’s what to know about the possible move from Soldier Field, with reaction from City Hall to the suburbs. ]

The Bears have remained tight-lipped about their plans, perhaps because they still are working to complete the deal and need more time to look at all options. And, of course, they likely are considering how much they want to spend on the development.

The Bears franchise is worth $4.075 billion, the seventh-highest valuation in the NFL, according to an August 2021 Forbes report. But Soldier Field is owned by the Chicago Park District and holds 61,500 fans, the smallest capacity in the NFL. So building their own stadium with a higher seating capacity and surrounding shopping, dining and entertainment district would add to that valuation considerably.

But how much would the McCaskey family be willing to spend? A Tribune analysis in July found that the average cost of the seven most recent NFL stadiums was $2.2 billion in today’s dollars. The breakdown:

  • SoFi Stadium — Inglewood, Calif.: $5.5 billion, opened in 2020
  • Allegiant Stadium — Paradise, Nev.: $1.9 billion, opened in 2020
  • Mercedes-Benz Stadium — Atlanta: $1.5 billion, opened in 2017 ($1.64 billion today)
  • U.S. Bank Stadium — Minneapolis: $1.1 billion, opened in 2016 ($1.23 billion today)
  • Levi’s Stadium — Santa Clara, Calif.: $1.3 billion, opened in 2014 ($1.47 billion today)
  • MetLife Stadium — East Rutherford, N.J.: $1.7 billion, opened in 2010 ($2.1 billion today)
  • AT&T Stadium — Arlington, Texas: $1.4 billion, opened in 2009 ($1.85 billion today)

Here’s a look at the seven newest NFL stadiums — so dream big, Bears fans.