Michael Reese developers pitch $10 billion stadium project to lure Bears

A team of Chicago developers unveiled Thursday a $10 billion, 100-acre development plan for the former Michael Reese Hospital site — both as a Hail Mary to keep the Bears in Chicago and hit a city-imposed deadline to submit updated plans.

The Bears previously dismissed the Michael Reese site, saying it was too narrow and posed safety concerns because the stadium would have to be built over an active rail line.

But with Capri Investment Group founder Quintin Primo joining GRIT Chicago, the group of developers and investors led by Farpoint Development that purchased the Michael Reese site, the partners have nearly doubled the size of the proposed Bronzeville Lakefront development.