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Chicago Bears put in bid to buy Arlington International Racecourse

CHICAGO -- The Chicago Bears have submitted a bid to buy a spacious suburban horse racing track site, signaling a potential willingness to move out of downtown Soldier Field for a new stadium.

Bears president and CEO and Ted Phillips announced Thursday the club wants to purchase the Arlington International Racecourse, an iconic horse track in the city of Arlington Heights. It's about 30 miles northwest of their current lakefront venue.

"It's our obligation to explore every possible option to ensure we're doing what's best for our organization and its future. If selected, this step allows us to further evaluate the property and its potential," Phillips said in his statement.