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Chicago Bears buy Arlington Park property for possible stadium

Provided by Chicago Bears

A rendering of an aerial view of the stadium site in Arlington Heights.

The Chicago Bears may or may not move to Arlington Heights, but the team is now a huge landowner in the village.

The Bears said Wednesday they have acquired the 326-acre former Arlington Park racetrack as a potential site for a new stadium and a “multipurpose entertainment district.” Bears spokesman Scott Hagel confirmed the sale by Churchill Downs was for $197.2 million, a sale that severs the 95-year-old track’s connection to the horse racing business.

In a lengthy statement, the Bears emphasized that buying the site provides no certainty of a new stadium.