The pitch from GRIT Chicago and Capri Investment Group, presented Thursday, centers on a 75,000-seat domed stadium surrounded by hotels, retail outlets, restaurants, parking and other amenities, along with thousands of new housing units both on the site and in the surrounding neighborhood.

To move fans in and out of the complex, the developers are proposing a new CTA Green Line station and a new Metra station. Renderings show the site on the west side of DuSable Lake Shore Drive, a key difference from the Bears' current home near the Museum Campus, which sits closer to the lakeshore.

Part of the drive would be covered with a new pedestrian walkway and park area connecting the site to the Lake Michigan shoreline, according to the developers, who say the design would ease access to the stadium on game days.

The plan would require demolishing six buildings that currently house residents, but developers say work would not begin until those residents are relocated to new housing.

As an added incentive, the developers expressed a willingness to purchase the former Arlington International Racecourse site from the Bears, which the team bought to build a domed stadium in suburban Arlington Heights.

The stadium would be publicly owned, according to officials, with construction contributions from the Bears and private investment in other portions of the project.

Friends of the Parks, a Chicago advocacy group that works to protect the lakefront from over-development, supports the Bronzeville project, according to the developers.

The Michael Reese site is the latest Chicago location floated as a potential home for the Bears. Others have pushed for the team to consider building at the site of Rate Field in the event the White Sox leave the Bridgeport ballpark.

In recent years, the Bears had rejected the Michael Reese site, arguing it was too narrow for their vision of an entertainment district and raising safety concerns about nearby railroads. Developers are hopeful that connecting the site to the lakefront and relocating existing housing could expand the footprint enough to address those concerns, but it remains unclear whether the plan would satisfy the team.

Sources close to negotiations said they are skeptical of the plan and that talks aimed at keeping the Bears in Illinois are still focused on the Arlington Heights site. The Bears did not immediately respond to a request for comment on the proposal.