SBD/5/Facilities Venues

DA BEARS SECURE OPTION TO BUY LAND IN DA 'BURBS

     The Bears have secured an option to purchase a site in
suburban Hoffman Estates that could be used to build a $285M
stadium, according to the CHICAGO SUN-TIMES.  The site, a gravel
pit directly West of the new Sears Co. headquarters, would be
available if Sears refuses an option to buy the land.  The
company is expected to decide what they will do within a month.
Bears Owner Michael McCaskey said the site has many advantages,
including its location in the Northwest suburbs, where many of
the team's season ticket holders reside.  However, the fact that
McCaskey is seeking state-guaranteed bonds to finance two-thirds
of the stadium cost could make a new stadium "a very difficult
sell," according to a spokesperson for IL State Senate President
James "Pate" Phillip (Fran Spielman, CHICAGO SUN-TIMES, 5/4).
Return to top

Related Topics:

Chicago Bears, Facilities, Sears

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug