Arlington Heights officials will take stock of the Chicago Bears’ proposed redevelopment at Arlington International Racecourse and look ahead to the project’s next steps Monday.
The plans for the site are still in the development stage. Staff are set to present to the village board at Monday’s committee of the whole meeting information about the work they have already done regarding the project.
“The vision and master planning for the property, as well as implementation, will take many years and will not happen overnight, but represents a unique property in Arlington Heights and the region,” a report from the village Planning and Community Development department states.The department is presenting as part of the village’s biannual practice of briefing newly seated and returning board members on the work of the preceding term and looking ahead to coming priorities, a staff memo states.
The meeting agenda also states that there will be an interdepartmental presentation on work related to Arlington Park thus far. The Bears officially purchased the 326-acre site in February, more than a year after signing a $197.2 million purchase agreement for the property. The team’sis a domed NFL stadium, entertainment complex and mixed-use commercial development expected to cost at least $5 billion.
The planning department’s report states that department staff will work toward a “unique regional ‘one of a kind’ redevelopment opportunity that provides for the highest and best use for the property.”
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