Bears meet with NFL stadium committee - and plan to do so again in May
Key Points:
- The Chicago Bears held a virtual meeting with the NFL’s Stadium Committee to update on their potential stadium sites in Arlington Heights and Hammond, Indiana, with plans for another meeting in about two weeks.
- The two stadium sites under consideration are the Bears' 326-acre property in Arlington Heights and a plot near Wolf Lake in Hammond.
- The Bears are expected to provide a stadium update at the NFL’s quarterly meeting on May 19-20 in Orlando, though a final decision on the site may not be made by then.
- The team is pushing for urgency in Springfield regarding property tax legislation, which recently passed the House and now awaits Senate approval before the May 31 adjournment.
- Approval from NFL owners, required for the league’s G-5 funding program allowing up to $250 million in stadium construction loans, is anticipated either at the May meeting or later, with Vikings owner Mark Wilf chairing the stadium committee that includes Bears chairman George McCaskey.