$10B development including Chicago Bears stadium proposed for Michael Reese site

Chicago Bears $10B development including Chicago Bears stadium proposed for Michael Reese site Developers on Thursday unveiled a $10 billion proposal for a development district in Bronzeville that would include a domed stadium for the Bears. By Naomi Ruchim Thursday, November 12, 2026 5:26PM Share Follow ABC7 on Google SPRINGFIELD, Ill. (WLS) -- Developers on Thursday unveiled a $10 billion proposal for a large-scale development district in Bronzeville that would include a domed stadium and thousands of new homes as part of an effort to keep the Chicago Bears in the city. The proposal, led by Capri Investment Group and Grit Chicago, would span about 100 acres, extending from the former Michael Reese Hospital site to Prairie Shores and above the McCormick Place marshaling yard. Plans call for a domed stadium with a capacity of about 75,000 people. ABC7 Chicago is now streaming 24/7. Click here to watch In addition to the stadium, the development would include more than 5,000 new homes in and around the district, including at least 1,000 units designated as affordable and senior housing. RELATED: IL lawmakers look to fall session for stadium framework aimed at keeping Chicago Bears in state The Michael Reese site has been the subject of redevelopment discussions for years. A hospital occupied the property for more than a century. The city purchased the land in 2009 with plans for an Olympic Village as part of Chicago's bid for the 2016 Summer Olympics, but the city did not secure the games. After years of delays, a mixed-use development at the site broke ground in 2023. Last year, Farpoint Development released renderings for a domed stadium at the same location. Rescue operations underway after building collapses in Brooklyn, New York: FDNY 14 minutes ago Chicago weather forecast: Several inches of snow accumulation possible in parts of area Friday 24 minutes ago 2 elementary school students killed after Amtrak train strikes vehicle in Western Springs: officials During a news conference in Bronzeville, developers presented the latest proposal with support from local leaders. "It is our belief that a modern, competitive dome stadium such as the one that we are proposing will outperform suburban locations such as Arlington Heights or northwest Indiana," said Quintin Primo III, founder and executive chairman of Capri Investment Group. "This is just plain common sense in our opinion as these remote locations are not at the heart of the most important economic driver of the entire midwest and Chicago." Chicago 4th Ward Alderman Lamont Robinson also voiced support for the project. "I believe with everything I have, it's the right thing for the 4th ward. And the right thing for Chicago and the bears," Robinson said. Lawmakers are scheduled to take up stadium financing next week. Capri also said it is willing to buy the Bears' Arlington Heights property to help keep the team in Chicago. The Bronzeville proposal is the second Chicago stadium-related site pitched by developers in recent days. The other proposed location is the former U.S. Steel site on the city's Southeast Side. Report a correction or typo Copyright © 2026 WLS-TV. All Rights Reserved. Related Topics REAL ESTATE CHICAGO BRONZEVILLE CHICAGO BEARS NFL FOOTBALL IL lawmakers look to fall session for Chicago Bears stadium framework Bears secure 27-24 victory over Buccaneers with last-minute field goal Bears stadium proposal gains attention, lawmakers work on legislation ABC7 Sports Overtime with Dionne Miller Watch Live ON NOW At least 8 dead, including 2 children, after building collapses in Brooklyn: Sources 14 minutes ago Several inches of snow accumulation possible in parts of area Friday 24 minutes ago 2 young students killed after train strikes vehicle in west suburbs Missing teen found alive after 6 days in the Australian woodlands 2 hours ago Dan Hicks, sportscaster and husband of ESPN's Hannah Storm, dies at 64 1 hour ago