CHICAGO (WBBM NEWSRADIO) – The company that owns Arlington International Racecourse is saying more about when a deal may close with the Chicago Bears to buy the property.
During a call with Wall Street analysts Thursday, Churchill Downs Inc. CEO Bill Carstanjen said he expected the sale of the Arlington Park property to close with the Bears provided all sorts of approvals are won in the first half of next year, according to the Daily Herald.
The property is priced at more than $197 million and Bears executives are still doing their due diligence on the purchase.
Meanwhile, Arlington Park is looking for proposals from qualified companies to handle auction services for the race track’s property, according to its website.
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