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The Shadow
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Bears trying to purchase Arlington Race Track
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A statement from President & CEO Ted Phillips

Below is a statement from Chicago Bears President and CEO Ted Phillips:

"We recently submitted a bid to purchase the Arlington International Racecourse property. It's our obligation to explore every possible option to ensure we're doing what's best for our organization and its future. If selected, this step allows us to further evaluate the property and its potential."

The Shadow
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Re: Bears trying to purchase Arlington Race Track
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All I can say is....WOW!

I would have bet the bank the Bears would not make a move like this. Or is this the result of the push by some of the McCaskey Mob to sell part or all of the Bears? At the minimum it is an investment.

2021  Draft will save or sink Pace and Nagy

Go Bears!

 

The Shadow
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Re: Bears trying to purchase Arlington Race Track
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Bears eyeing possible move out of downtown Chicago to suburb that sits 35 miles away from Soldier Field

The Bears could be leaving Soldier Field

By John Breech

14 hrs ago2 min read

Patrick Gorski / USA TODAY Sports

There's been a lot of speculation over the past few months that the Bears are thinking about moving out of Soldier Field and after not commenting on the situation for weeks, the team finally confirmed on Thursday that a move could eventually be on the table. 

Bears president Ted Phillips announced that the team has made a bid to purchase a chunk of land in Arlington Heights, which sits roughly 35 miles outside of Chicago.

"We recently submitted a bid to purchase the Arlington International Racecourse property," Phillips said in a statement. "It's our obligation to explore every possible option to ensure we're doing what's best for our organization and its future. If selected, this step allows us to further evaluate the property and its potential."

The 326-acre piece of land is currently occupied by the Arlington Park race track, but it's not going to be there for long. The owner of the track, Churchill Downs Inc., is selling all of the land with the expectation that the new buyer is going to tear down the track and re-develop the site. Developers and investors had until June 15 to submit a purchasing bid. 

The Bears were one of several investors that made a bid for the land. If the Bears win the bid, they could end up building a new stadium and making the move to Arlington Heights. 

Ideally, the Bears would probably prefer to stay at Soldier Field, but that won't be easy or cheap. The stadium, which was built in 1924, only seats 61,500 and due to spacial constraints, it's unlikely that number will ever be expanded by much. Renovating Soldier Field would be an expensive proposition and at this point, the team might feel that building a new stadium at Arlington Heights would be a better overall value. (A renovation of Soldier Field in 2004 cost $690 million, according to the Chicago Tribune.) 

Of course, one thing that could throw a wrench into any plans of leaving Soldier Field is that the Bears have a lease to play there for the next 13 seasons. When asked about the lease back in April, Arlington Heights Mayor Tom Hayes didn't seem too concerned.  

"I know there's contracts involved and lease agreements," Hayes said. "But a good attorney will tell you, you can always get out of those. There might be a significant price involved, but I would think if they wanted to make it happen, they could make it happen."

The Bears have played at Soldier Field since 1971. Besides the stadium issue, there's also been a report that the Bears could soon be for sale due to "internal strife" among the family members that own the team. With the possibility of both a new stadium and new owners coming in the near future, the organization could soon be undergoing some of the biggest changes in the history of the franchise. 

2021  Draft will save or sink Pace and Nagy

Go Bears!

 

The Shadow
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Re: Bears trying to purchase Arlington Race Track
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The Plot thickens!

2021  Draft will save or sink Pace and Nagy

Go Bears!

 

Corn Cob
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Re: Bears trying to purchase Arlington Race Track
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If their bid is successful, it also looks pretty attractive to potential buyers/investors.

You've got an area to build new, while still maintaining Soldier Field to play in until the project is complete, much unlike the last overhaul.

Even if Ginny and family only invest in a quarter share of the revenues from the new site, think of the potential revenue from booking larger events than could ever have been held @ Soldier Field. Super Bowl, numerous playoff games, etc.

It will be interesting to see if the Bears end up with the winning bid.

Matt Nagy: "I know we need to run the ball more. I'm not an idiot."

Calbrooks
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Re: Bears trying to purchase Arlington Race Track
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The Arlington Heights Bears? Monsters on the Bluffs? Bears from the Village?

I have no personal tie to Chicago, but none of those sound too terrifying. As long as they keep their identity, I am all in!

Train like you are 2nd, but play like you are 1st.

PapaBear.OR
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Re: Bears trying to purchase Arlington Race Track
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It started with George Halas in 1975: Chicago Bears again make an overture for Arlington Park

In 1975, Chicago Bears founder George S. Halas made his first pitch to relocate his team from Soldier Field to Arlington Park.

Fast forward 46 years to Thursday afternoon

https://www.dailyherald.com/news/20210617/it-started-with-george-halas-in-1975-chicago-bears-again-make-an-overture-for-arlington-park

Butkus never wore an earring

BamaBear09
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Re: Bears trying to purchase Arlington Race Track
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Calbrooks wrote:

The Arlington Heights Bears? Monsters on the Bluffs? Bears from the Village?

I have no personal tie to Chicago, but none of those sound too terrifying. As long as they keep their identity, I am all in!

The 49ers play in Santa Clara, which is 45 minutes from San Francisco, but kept the SF designation, so I believe the Bears would do the same.

BamaBear09
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Re: Bears trying to purchase Arlington Race Track
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Just please give this team field turf... there is so much speed, the grass at soldier field is going to slow that down...

The Shadow
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Re: Bears trying to purchase Arlington Race Track
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BamaBear09 wrote:

 

Calbrooks wrote:

The Arlington Heights Bears? Monsters on the Bluffs? Bears from the Village?

I have no personal tie to Chicago, but none of those sound too terrifying. As long as they keep their identity, I am all in!

The 49ers play in Santa Clara, which is 45 minutes from San Francisco, but kept the SF designation, so I believe the Bears would do the same.

The Arlington Bruins sounds good too. I mean if the Oilers can become the Titans, why not! Maybe we can break out of this mediocrity they have been stuck in for 35 years

2021  Draft will save or sink Pace and Nagy

Go Bears!

 

The Shadow
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Re: Bears trying to purchase Arlington Race Track
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Insider Says Bears May Not Be Only NFL Team In Chicago Much Longer

By Erik Lambert -Jul 10, 2021

The Chicago Bears have owned the city for such a long time and most fans these days don’t even know that it used to host two NFL teams at one point in time. From 1920 to 1959, the Bears shared the city with the Chicago Cardinals. Almost 40 years where there were two franchises in the market. The Cardinals even won a pair of NFL championships during that period in 1925 and 1947.

However, a dismal period in the ’50s along with the establishment of the rival American Football League compelled the Cardinals to depart Chicago in 1960 for a new home in St. Louis. Since that time, the Bears have held complete dominance of the city. The NFL has never once considered challenging it with another franchise since then. Either via relocation or expansion. Is it possible that longstanding monopoly could come to an end.

Mike Florio of Pro Football Talk seems to think so.

When asked about the possible locations new teams would go if the league expanded, Florio had an interesting list. While the league isn’t yet considering expansion, he believes this will be possible once the regular season expands to 18 games in the future. When that happens, he pointed out some obvious locations. St. Louis being one, having lost the Rams to Los Angeles. San Diego is another, losing the Chargers to L.A. as well. Then he brought up the wild card.

This is a fascinating point. It is common knowledge by now that the Bears have placed a bid to purchase Arlington Racecourse International. A strip of land that covers 326 acres. This led to inevitable speculation that the franchise might be seeking a location for a brand new stadium. One they wholly own themselves rather than lease. Were this to happen, it would rob Soldier Field of a football team. That is unless another happened to swoop in and occupy it.

Chicago Bears certainly excelled when they had competition

Their greatest period of success came when the Cardinals were in town at the same time. Between 1920 and 1959, the Bears ended up winning six league championships including four in the 1940s when both teams were good. It’s fair to wonder if the franchise sort of took their foot off the gas once there was no longer any threat to their financial well-being. They have just two titles since the Cardinals left.

Maybe the return of another franchise in the market will give them the sense of urgency they’ve lacked at times over the years. For baseball fans who love the Cubs and White Sox, this could develop into another such rivalry. Of course, would the Chicago Bears ownership be wild about this idea? Probably not. It would just mean another team eating into their fanbase.

Then again the NFL doesn’t seem to care about that.

They greenlit throwing the Rams and Chargers together in Los Angeles a few years ago. If they feel two teams will maximize the profitability of the Chicago market? That is something they’re going to consider. The first domino will be whether the Bears do end up moving to their own building over the next few years.

*****

How about a name too, to go along with a new location.

Arlington Staleys sounds good.....would not be the first time the Bears were renamed. Since native American Monikers are now taboo. It is only a matter of time before animal rights organizations begin addressing the slanderous use of animals in sports! Maybe the Bears, Dolphins, Seahawks, Cardinals and Rams of the world do not like having their images and names used without proper compensation?

2021  Draft will save or sink Pace and Nagy

Go Bears!

 

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