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They want a tier one stadium environment to maximize revenues, and we agree that we are going to keep making the case to the Bears, the NFL and public that a revitalized Soldier Field makes the most economic sense for that storied franchise," Lightfoot said during an address Monday. New Bill Aims to Jump-Start Bears Stadium Negotiations This plan is essentially the same, with a few major additions. One of the key elements of the bill is a $3 per person admission tax on all entertainment and sporting events within what the bill calls the Arlington Megaproject to help pay down debt related to the renovation of Soldier Field. The city will launch a feasibility study to evaluate financing options, but Lightfoot wouldnt commit to any artificial timeline on when that study would conclude. One potential wrench that stands in the way of a move to Arlington Heights for the Bears is the fact that the team has a lease at Soldier Field that runs through the 2033 season. Option 1: Fully enclose the stadium by rebuilding both endzones with columns that can support a dome structure. Having opened in 1924, with renovations taking place in 2003, Soldier Field is the home of the Chicago Bears of the National Football League and Chicago Fire FC of Major League Soccer. Last year he was fined $12,000 for a hit on St. Louis quarterback Chris Miller. "This announcement from the Bears comes in the midst of negotiations for improvements at Soldier Field. If the Bears started the process of planning a new stadium at some point next year and the stadium took four years to complete -- from the design stage to the final day of construction -- they could cut an $84 million check to the city of Chicago in 2026 and start playing at their new stadium then. "I don't want to speculate and get ahead of ourselves, but we believe in collaboration and shared value and investment," she said. CHICAGO (WLS) -- As Jim Edgar and Bear President Michael McCaskey only hours before presenting it publicly. Soldier Field Anyone planning on commuting to the stadium for a Bears game is in for a stressful experience. If the Bears aren't ready to buy the lease out in 2026, the fee would actually go down each year through 2033. Move back to Wrigley Field? Jason S. Parini can be followed on Twitter: @JasonPariniBR, off of the National Register of Historic Places. Full list of Mr. Irrelevants in NFL draft history: Is Brock Purdy already the best final pick? Sign up for the Bears Wire newsletter to get our top stories in your inbox every morning. To this end, we maintain a strong working relationship with Rosa Escareno, the new Chicago Park District General Superintendent, her staff, and the ASM Global management team.". Latest Bears stadium legislation would add $3 to ticket An improved Soldier Field will deliver a world-class visitor experience, said Mayor Lightfoot. Furthermore, any of these proposed renovations will allow Soldier Field to retain its role as an economic engine for Chicago for years to come, as these changes will allow us to keep bringing sports, music and other exciting events to our city.