Prominent Chicago preservation group Friends of the Parks responded Wednesday to the highly anticipated reveal of the Bears' newest stadium proposal in Chicago,…
Friends of the Parks, which successfully sued to prevent George Lucas from building a museum along the lakefront, has previously voiced opposition to the construction of any new stadium project on Museum Campus, where the Bears are proposing for their new stadium siteProminent Chicago preservation group Friends of the Parks responded Wednesday to the highly anticipated reveal of the Bears' newest stadium proposal in Chicago, which includes tearing down much of the current Soldier Field in...
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly"We did not hear anything at the Bears news conference that could not take place at another Chicago location. We have too many questions to make any decision about the value of these plans.
Mayor Brandon Johnson spoke to NBC Sports Chicago shortly after the Friends of the Parks statement was released, and he said he's"looking forward to the continued the conversation." Last month, the team confirmed it would contribute $2 billion dollars to fund the majority of the project. On Wednesday, a slide in the presentation clarified that number would be closer to $2.025 billion dollars. After that, the team would look to an NFL stadium program for a $300 million loan. That leaves a $900 million gap for the stadium financing itself. The Bears plan has them looking to a bond mechanism in the Illinois Sports Facilities Authority program to make up the difference.
If the team gets the public funding needed to open the stadium, they said there will be two more phases of development requiring public money.
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