BREAKING: Chicago Bears Submit Bid To Buy Arlington International Racecourse
The team revealed on Thursday that it has made a bid to buy Arlington International Racecourse after months of( seemingly) speculative speculation.
Churchill Downs put Arlington up for sale earlier this year. The Bears have a lease to play at Soldier Field until at least 2033, but it appears that they are confident they can break the agreement if needed.
This could also be a negotiating tactic for the Bears to improve the current conditions of their lease.
However, if it were more than that, one would have to assume that Churchill Downs do, depending on the offer, been inclined to offer to the Bears.
A new era could be in store, Bears fans.
The Bears may want to relocate to Arlington Heights for what reasons?
For starters, creating a larger complex would put the Bears in a position to host bigger events.
Soldier Field is not taken into account for championship games, last legs, etc. The Bears will undoubtedly be in the running for events like those if they construct a Minnesota Vikings-like facility in Arlington Heights.
Bear Weather & rdquo would no longer exist.
The 326-acre Arlington International home allows the capital and the Bears to theoretically construct an entire entertainment area around the new stadium. The stadium is largely cut off from other businesses, despite the lakefront being a great perk for the latest Soldier Field location.
Soldier Field is located in Chicago, but exposure to it is difficult. It & rsquo, while some viewers will moan about the prospect of moving to Arlington Heights, is not all that difficult.
The area the Bears are trying to buy can be reached immediately from a Metra teach stop. It & rsquo, a 50-minute train ride from Chicago to Arlington Heights, is approximately.
What could cause Churchill Downs to offer to the Bears?
There’s been plenty of drama surrounding Churchill Downs and this sale. But reading the tea leaves, it seems that its main objective is to prevent a casino or racino from operating on the property in the future.
That’s because Churchill Downs owns a majority stake in Rivers Casino in Des Plaines. Rivers and Arlington are about a 20-minute drive from one another, and Churchill has been accused of taking anti-competitive measures.
Nevertheless, a Bears price might win over all parties.
While the Bears could theoretically host a sportsbook at their new stadium, there wouldn’t be a full casino or horse racetrack. It’s hard to argue that a Bears stadium would impact Rivers Casino.
The Bears moving to the suburbs may be greatly appreciated by Arlington Heights as well.
“A professional sports team would be exciting,” Arlington Heights Mayor Tom Hayessaid. “Even if they were to come, you’d see some other redevelopment prospects as well.”
The purchase has been steered toward a racino by Arlington Heights. However, one would have to assume that city leaders may recognize the potential for bringing an NFL franchise to without knowing the terms of the offers. town.
We & rsquo, at Play-illinois.com, will keep you informed of the most recent developments on this story.