Bears take $197 million first step toward building new stadium

The Chicago Bears on Wednesday bought the property that they’ve been sizing up for a new enclosed stadium in suburban Arlington Heights.

The Bears announced that they paid $197.2 million for the 326-acre plot.

“There is still a tremendous amount of due diligence work to be done to determine if constructing an enclosed state-of-the-art stadium and multi-purpose entertainment district is feasible,” the Bears said in a statement. Economic analysts have said building a Bears entertainment district would create more than 48,000 jobs and generate $9.4 billion for the local economy.

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