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Bears Sign Purchase Agreement for Arlington Park Property amid Possible Relocation

The Chicago Bears have taken a significant step in the process of potentially leaving Solider Field.

On Wednesday, the team announced a purchase agreement for the Arlington Park land parcel in the Village of Arlington Heights.

Bears President and CEO Ted Phillips issued a statement about the deal:

"Finalizing the PSA was the critical next step in continuing our exploration of the property and its potential. Much work remains to be completed, including working closely with the Village of Arlington Heights and surrounding communities, before we can close on this transaction. Our goal is to chart a path forward that allows our team to thrive on the field, Chicagoland to prosper from this endeavor, and the Bears organization to be ensured a strong future.