After considering a move to the Chicago suburb of Arlington Heights, the Bears announced plans this week for a new publicly owned domed stadium on Chicago's lakefront.
The NFL franchise is offering to spend more than $2B to cover part of the cost for a new stadium—which could end up costing twice as much as the Bears' contribution—to be built just south of 100-year-old Soldier Field, most of which would be demolished under the plan.
The Bears' plan for a new publicly owned venue comes on the heels of a proposal from the Chicago White Sox to build a new MLB ballpark on the South Side that would become the centerpiece of Related's $7B mixed-use development known as The 78.
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