Can The Chicago Bears Afford A New NFL Stadium? How Considerably Will It Expense To Develop A Stadium In Arlington Heights?

The Chicago Bears have been rumored to go away Soldier Discipline, Chicago immediately after they put a bid on the Arlington Heights racecourse.

The Arlington Heights Village Board also accredited the prospective making of an NFL stadium on the racecourse at the Arlington Intercontinental Racecourse.

Having said that, even following winning the bid, the Chicago Bears have a extended way to go in advance of they can stake their declare on the Arlington Heights Racecourse. The Bears are beneath lease at Soldier Subject till 2033 and breaking that lease early will cost them some major cash.

How much will it expense to be precise?

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How A great deal Will It Charge The Chicago Bears To Shift To Arlington Heights And Establish A New Stadium?

Breaking the lease early would price the Bears some major funds if Chicago doesn’t let them to crack contract earlier. They’d owe the Chicago Bears Park District about at the very least $84 million.

This will come from permit service fees (which prices $6.3 million every year through Sports Illustrated) together with any other charges and financial bills. This would have to be compensated again within just 30 days of them leaving the stadium.

Assuming, the Bears are capable to type this out, they’d however want to have the income to establish a full new stadium on that plot of land. Obtaining the plot of land will cost the Bears at the very least hundreds of millions of dollars.

On top rated of that, they then require to build a new stadium which is no simple job. Stadiums price tag groups upward of a billion pounds. The most latest NFL stadiums that opened, Allegiant Stadium, Las Vegas and So Fi Stadium Inglewood, charge the Raiders $1.9 billion and the Rams and Chargers $5-6 billion.

Some of this revenue could be brought in if the city of Chicago supports the Bears go. Having said that, Chicago Mayor Lori Lightfoot was really adamant on exactly where she stands on that subject matter indicating that “This is clearly a negotiating tactic that the Bears have made use of before.”

So, will it occur? Probably. Is it likely to transpire whenever before long? Probably not. The Bears need to determine out a way to budget their funds as going stadiums is no affordable process.

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