A source close to the stadium project tells FOX 32 that the team is investing over $2 billion in private funds into a 'publicly owned domed stadium and park space.'
The Chicago Bears revealed a plan for their new stadium Monday on the lakefront of the Windy City. A source close to the stadium project tells FOX 32 that the team is investing over $2 billion in private money into a "publicly owned domed stadium and park space."Last month, the team announced it was looking to building a new stadium on the lakefront instead of the proposed Arlington Heights location due to rising development costs and improved relations with city leaders.
"Chicago Mayor Brandon Johnson issued a statement Monday morning, applauding the Bears' investment plans: "I have said all along that meaningful private investment and a strong emphasis on public benefit are my requirements for public-private partnerships in our city. The Chicago Bears plans are a welcome step in that direction and a testament to Chicago’s economic vitality.
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