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Bears announce plan to spend $2 billion on stadium in Chicago.

Chicago (CBS) — The Chicago Bears declared on Monday morning that they would now assist in funding the construction of a new stadium in the City of Chicago instead of constructing one in Arlington Heights.

In a statement, Bears President and CEO Kevin Warren indicated that the team would donate more than $2 billion toward the construction of a new stadium in Chicago.

“The Chicago Bears are proud to contribute over $2 billion to build a stadium and improve open spaces for all families, fans and the general public to enjoy in the City of Chicago,” Warren said in a statement. “The Chicago Bears’ new stadium will provide our community with a game-changing opportunity by fostering job growth, facilitating large-scale events, and bringing in millions of tax dollars. When our preparations are complete, we look forward to providing further details.”

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