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The Chicago Bears are bidding to buy Arlington Park

ARLINGTON HEIGHTS, Ill. The Chicago Bears announced on Thursday that the organization has submitted a bid to buy Arlington Park.

Bears President and CEO Ted Phillips released a statement to WGN News saying:

We recently submitted a bid to purchase the Arlington International Racecourse property. It is our duty to explore all possible options to ensure that we do what is best for our organization and its future. If this is chosen, this step allows us to further evaluate the property and its potential.

Developers and investors needed to submit bids to the owners of the Arlington International Racecourse before this week.

Currently, there are fewer than 1

0 potential buyers who have serious suggestions on the table when it comes to sealing the deal.

However, according to the village mayor, this is a soft deadline.

The racetrack has existed for almost 100 years, where horse racing is a big part of its history.

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