The Chicago Bears are planning to build a new fixed-roof stadium just south of Soldier Field, aiming to benefit the city and state by tapping into a lucrative sports tourism industry. The stadium, costing over $2 billion, is expected to boost the economy, create jobs, and generate tax revenue, while also providing opportunities to host major events like the Super Bowl and Final Four, enhancing Chicago's status as a sports business hub.

By the Numbers
  • The sports tourism industry in 2021 produced a tax impact of $6.6 billion.
  • The new stadium is expected to increase green space and create jobs.
Yes, But

Some may have concerns about the escalating costs of building the stadium, which Warren mentioned increase by $150-200 million annually.

State of Play
  • Chicago was not included in the top 25 sports business cities, raising concerns for Bears President Kevin Warren.
  • The Bears are close to unveiling their plans for the new stadium and aim to finalize the project efficiently to manage rising costs.
What's Next

The Bears are focused on presenting a detailed plan for the stadium to the public and aim to maintain positive relationships with the city and stakeholders throughout the project.

Bottom Line

The proposed new stadium represents a substantial investment in Chicago, with the potential to transform the city's sports landscape, enhance its economic prospects, and solidify its position as a prominent host for major sporting events.