Churchill Downs Incorporated (CDI) has completed the sale of a property in Arlington Heights, Illinois, to nearby National Football League (NFL) franchise the Chicago Bears.
The initial deal was struck in September 2021, with the Bears having agreed to pay $197.2m to acquire the 326-acre site, which is currently home to Arlington Heights Racecourse.
The racecourse opened in 1927 and upon closure had a capacity of 35,000 seats. The venue had not hosted any form of racing since the deal with the Bears was agreed in 2021.
Read the full story on iGB North America.