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Bears considering other locations for new stadium despite already paying $197.2 million for land

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The Chicago Bears said Friday they are thinking about abandoning their current plan to build a new stadium in nearby Arlington Heights and are considering looking at other locations.

This comes despite the team already buying the Arlington Heights land for $197.2 million.

The Bears are citing a property assessment they said is too high, so the area is "no longer our singular focus."

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A view of the newly renovated Soldier Field, the home of the NFL's Chicago Bears. (JEFF HAYNES/AFP via Getty Images)

"It is our responsibility to listen to other municipalities in Chicagoland about potential locations that can deliver on this transformational opportunity for our fans, our club and the State of Illinois," the team said.

"The stadium-based project remains broadly popular in Arlington Heights, Chicagoland and the state. However, the property’s original assessment at five times the 2021 tax value, and the recent settlement with Churchill Downs for 2022 being three times higher, fails to reflect the property is not operational and not commercially viable in its current state."

A layout of the Chicago Bears' stadium plan at Arlington Park. (Hart Howerton/Chicago Bears)

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The Bears said in September they would not seek public funding for the construction of the stadium, but they expect to for the surrounding "entertainment district."

The Bears envision the entertainment district to include restaurants, offices, a hotel, fitness center and more "that will provide considerable economic benefits to Cook County."

The

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