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Developers reveal proposal for new Chicago Bears stadium on city's South Side


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CHICAGO — The developers of a tract of land on Chicago's South Side have launched a Hail Mary they hope keeps the Bears in the city, revealing renderings for an enclosed stadium and mixed-use development on the site of the old Michael Reese Hospital. The plan released Friday by Chicago's Farpoint Development calls for both a $3.2 billion, 75,000-seat stadium to house the founding NFL franchise as well as $356 million in parking and infrastructure to be financed privately. It also includes a park bridge to be built over Lake Shore Drive and 5 million square feet of "neighboring development opportunities." Farpoint said $600 million in public funding would be needed.

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Andrew Seligman

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