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Developers Propose New Site for $10B Chicago Bears Stadium
Developers have unveiled a $10 billion proposal for a large-scale development district in Bronzeville that would include a domed Chicago Bears stadium and thousands of new residential units.
The proposal, led by Capri Investment Group and Grit Chicago, would span about 100 acres, extending from the former Michael Reese Hospital site to Prairie Shores and above the McCormick Place marshaling yard. Plans call for a domed stadium with a capacity of about 75,000 people. Capri and its partners offered to buy the Bears’ Arlington Heights property if owning that land is a barrier to the team committing to a Chicago site.
The development would include more than 5,000 new homes, including at least 1,000 units designated as affordable and senior housing. The latest Bronzeville proposal is the second stadium plan put forth by developers. The other proposed location is the former U.S. Steel site on the city’s Southeast Side.