$10B Development Including Chicago Bears Stadium Proposed for Michael Reese Site
- On Thursday, developers led by Capri Investment Group and GRIT Chicago unveiled a $10 billion master plan dubbed Bronzeville Lakefront, featuring a 75,000-seat domed stadium designed to keep the Chicago Bears in the city.
- Developers expanded the project footprint to 100 acres by incorporating the Prairie Shores apartment complex and air rights over McCormick Place, directly addressing the Bears' previous rejection of the Michael Reese Hospital site as too narrow.
- The plan projects 60,000 new jobs and at least $14 billion in regional economic benefits. Developers also offered to purchase the Bears' Arlington Heights property if existing investments there hinder a return to Chicago.
- Team officials reiterated last week they remain focused on Arlington Heights and Hammond, Indiana, though 4th Ward Alderman Lamont Robinson supports the plan provided it protects existing Prairie Shores residents from displacement.
- Illinois lawmakers return to Springfield next week to consider legislation for public stadium financing, which could influence the project's viability and the Bears' future location search.
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Capitol Fa - Your Illinois News Radar » Question of the dayCapitolFax.com
* The Sun-Times… A team of Chicago developers unveiled Thursday a $10 billion, 100-acre development plan for the former Michael Reese Hospital site — both as a Hail Mary to keep the Bears in Chicago and hit a city-imposed deadline to submit updated plans. The Bears previously dismissed the Michael Reese site, saying it was too narrow [...]
Developers Unveil $10B Proposal for New Bears Stadium, Entertainment District at Former Michael Reese Site
The plan for the “Bronzeville Lakefront” would transform approximately 100 acres that include and surround the former Michael Reese Hospital site in the Douglas neighborhood. At the center of the proposal is a new domed stadium with a capacity of 75,000 for major sporting events and concerts.
Chicago Developer Offers $10 Billion Plan to Keep Bears in City
Chicago developers are proposing a $10 billion project on the city’s lakefront that would include a new stadium for the Chicago Bears, the latest attempt to keep the NFL team after it announced plans to move to Indiana.
New Chicago Bears stadium on Michael Reese Hospital site? Developers pitch $10 billion Bronzeville Lakefront plan
In the latest bid to build a new Chicago Bears stadium on the lakefront, developers and city officials pitched a $10 billion plan for a new domed development at the site of the closed Michael Reese Hospital.
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