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AP National Business

Bears buy property for potential Arlington Heights stadium

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Published 2:24 PM

ARLINGTON HEIGHTS, Ill. (AP) — The Chicago Bears have bought the property that they’ve been sizing up for a new enclosed stadium in suburban Arlington Heights. The Bears announced Wednesday afternoon that they bought the 326-acre property for $197.2 million. The Bears cautioned that the purchase doesn’t mean their plans for a new stadium and an entertainment district will come to fruition. The Bears currently play at Soldier Field in downtown Chicago. Economic analysts have said creating a Bears entertainment district would create more than 48,000 jobs and generate $9.4 billion for the local economy.

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