Westmont

Westmont, IL · Business
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Axios Chicago
Chicago developers pitch new Bears stadium sites as Illinois weighs tax incentives
Chicago developers are making a renewed push to keep the Bears in the city , unveiling ambitious stadium plans as state lawmakers consider tax incentives to keep the team in Illinois. The latest: Capri Investment Group, alongside GRIT Chicago, introduced a $10 billion plan on Thursday to transform the former Michael Reese Hospital site in Bronzeville into a 75,000-seat domed stadium. The project would include housing, hotels, parks and entertainment venues. The developers are even offering to buy the Bears' Arlington Heights property to help persuade the team to reconsider Chicago. Context: The Bears spent years pursuing Arlington Heights before turning their attention to Hammond, Indiana , amid disagreements over property taxes. Now, as Springfield considers a potential stadium financing package, Chicago developers want another shot. A rendering of the newly proposed stadium on the former Michael Reese site in Bronzeville. Rendering: Courtesy of Inference The big picture: At least three proposals for new stadiums have surfaced within city limits, all on the South Side. Zoom in: Related Midwest is pitching the former South Works steel mill site near 87th Street and Lake Michigan, where a quantum computing campus and new hospital are already in development. Related Midwest president Curt