Developers and investors needed to submit offers to the owners of Arlington International Racecourse by this week.
Currently, there are fewer than 10 prospective buyers who have serious proposals on the table when it comes to sealing the deal.
Churchhill Downs Inc., which owns Arlington Park, announced plans to sell the property in February.
โOn behalf of Churchill Downs Incorporated (CDI), real estate firm CBRE has received strong proposals from numerous parties interested in redeveloping the 326-acre Arlington International Racecourse site. All proposals will be evaluated confidentially. CDI will provide an update on the sale process at the appropriate time in the coming weeks,โ President Tony Petrillo said.
However, this, according to the village mayor is a soft deadline. The racetrack has been around for almost 100 years, with horseracing being a huge part of its history.
The Bears have been at Soldier Field since 1971 after playing at Wrigley Field from 1921-1970. The Chicago Park District owns Soldier Field and the Bearsโ lease with the stadium is up after the 2033 season.
In 2002, the Bears played at Memorial Stadium at the University of Illinois as Soldier Field was being renovated. The controversial reconstruction left the Bears with the smallest stadium in the NFL โ with a capacity of 61,500.
Mayor Lightfoot released a statement slamming the franchise, saying โand like most Bears fans, we want the organization to focus on putting a winning team on the field, beating the Packers finally and being relevant past October.โ
That is the nicest thing I have ever heard anyone ever call her.
I think she is purposefully trying to not get re-elected.
Guarantee she gave that quote to a POC, since she refuses to speak w/ any white reporters. I am done. Carry on.