LAKE FOREST, Ill. -- The Chicago Bears moved one step closer to leaving historic Soldier Field.
The Bears announced on Wednesday they signed a $197.2 million purchase and sale agreement (PSA) with Churchill Downs Inc. for the 326-acre Arlington Park property in suburban Arlington Heights.
"Finalizing the PSA was the critical next step in continuing our exploration of the property and its potential," Bears President and CEO Ted Phillips said in a statement. "Much work remains to be completed, including working closely with the Village of Arlington Heights and surrounding communities, before we can close on this transaction.