Bears explore new stadium in Indiana as lawmakers approve SB 27, with bipartisan support

The Chicago Bears are taking significant steps toward building a new stadium in Northwest Indiana, following state legislative approval.

Why it matters: This potential move could reshape the landscape of professional football in the Midwest and impact local economies significantly.

• The Bears’ current lease at Soldier Field runs through 2033, but this proposal signals a serious intention to explore new opportunities for expansion and modernization.
• A new stadium could provide the team with enhanced revenue streams and improve fan experience.

What’s new: The Indiana House Ways and Means Committee approved an amendment to State Bill 27 with an overwhelming vote of 24-0, marking a pivotal moment in the Bears' stadium planning efforts.

• The bill establishes the Northwest Indiana Stadium Authority, which would have the capacity to issue bonds and finance construction.
• Governor Mike Braun has expressed strong support for the initiative, emphasizing Indiana's commitment to attracting major business ventures.

By the numbers: The proposed site near Wolf Lake in Hammond is approximately 25 minutes south of Soldier Field.

• The Bears had previously announced intentions to invest $2 billion into a new stadium while seeking $850 million in public funding for necessary infrastructure improvements.

Yes, but: While the Bears are optimistic about the prospects in Indiana, the situation remains fluid.

• Illinois Governor J.B. Pritzker's spokesperson indicated that discussions were ongoing regarding legislation in Illinois, potentially complicating the Bears' decision to relocate.
• Bears leadership requested a pause on a related legislative hearing in Illinois to make further adjustments to the bill.

What’s next: The successful passage of SB 27 sets the stage for continued negotiations and site due diligence.

• Stakeholders will be watching closely as both states navigate their respective legislative environments.
• If the agreement progresses smoothly, it may lead to a groundbreaking ceremony in the coming years.

The bottom line: The Bears’ pursuit of a new stadium reflects broader trends in professional sports, where franchises seek modern facilities to enhance competitiveness and profitability.

• As the situation develops, fans and stakeholders alike will await further news regarding the viability of the Bears’ potential move to Hammond, Indiana.