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Report: Bears set to announce purchase agreement for Arlington Park Racecourse land for stadium

Three-and-a-half months after putting in a bid to buy the Arlington International Racecourse property, the Bears have reportedly signed a purchase agreement for the 326-acre plot.

It’s the latest — but not final — step toward moving the team from Soldier Field to the site, located 6 miles north of the Northwest Tollway, which held its last race Saturday.

The Bears said in June that they were among the groups to put in a bid to purchase the property. If the franchise’s bid was accepted, the team said then, it would be able to “further evaluate the property and its potential.