CHICAGO — The Chicago Bears have made a major step toward leaving Soldier Field, by signing a purchase agreement for Arlington Park about 30 miles northwest of the city.
Bears management made the announcement in a news release and Churchill Downs Incorporated, which owns the racetrack property, announced the sale price was $197.2 million.
Chicago Bears Team President Ted Phillips said that “much work remains to be completed” before the deal is finalized.
Chicago Mayor Lori Lightfoot’s office said it remains open to discussions to keep the Bears from leaving town.
The Chicago Bears have made Soldier Field their home since 1971.
