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Chicago Bears Hire JLL to Help Prep Plans for New Suburban Stadium

Chicago Bears Hire JLL to Help Prep Plans for New Suburban Stadium

The Chicago Bears NFL football team has hired an architect and consultant, as well as JLL, to prepare plans for a new stadium in northwest suburban Arlington Heights, according to a report in the newspaper The Daily Herald.

The move is the just the most recent development in a saga closely followed in Chicago ever since the team last year said it was considering buying  the now closed Arlington Racetrack and constructing a new stadium there.

The latest effort is being led internally by Bears President Ted Phillips, the Herald said,  adding that the team has hired at least three firms, including Kansas City’s Manica Architecture, Denver sports management consultancy CAA Icon, and Chicago’s JLL.

Manica is the designer of the Las Vegas Raiders’ new $2 billion Allegiant Stadium, while CAA renovated venerable Wrigley Field. Last September, the Bears announced they’d reached a deal to buy the Arlington Race Track site for $197.2 million, a transaction that hasn’t closed.

And if Chicago Mayor Lori Lightfoot has her way, it’s a transaction that will never occur. She is pulling out all the stops to keep the Bears at downtown Chicago’s Soldier Field, the oldest stadium by far in the NFL, constructed following World War I.

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About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

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