Capri Investment Group Unveils $10 Billion Bronzeville Stadium Plan
Quintin E. Primo III proposed a $10 billion South Side development featuring a domed stadium to incentivize the Chicago Bears to remain in the city.
Founder and Executive Chairman of Capri Investment Group Quintin E. Primo III and the GRIT Chicago consortium unveiled a $10 billion development plan for the Bronzeville Lakefront. The proposal seeks to incentivize the Chicago Bears to remain in Chicago by constructing a 75,000-seat domed stadium on a 100-acre district on the city's South Side.
The project integrates the former Michael Reese Hospital site with Prairie Shores and air rights over the McCormick Place Marshaling Yard. Beyond the stadium, the plan includes over 5,000 new housing units, 2,000 hotel rooms, and various commercial and wellness facilities. To facilitate the transition, the developers offered to purchase the Bears' existing property in Arlington Heights.
Economic projections suggest the project would generate $14 billion in regional activity during construction and $1.5 billion annually once operational. The developers committed 30% of construction contracts to minority-owned firms. The announcement comes as Illinois considers legislation regarding financing frameworks for publicly owned stadiums, while the Bears continue to weigh alternative locations, including Hammond.
