UPDATE: On April 19, the village of Bridgeview announced that it had agreed to a new naming rights deal with secondary ticket market website SeatGeek to rename Toyota Park as SeatGeek Stadium. The deal was secured by W Partners in Chicago. On May 9, Sterling Bay announced that Cubs chairman Tom Ricketts has agreed to a joint venture for a prospective USL team that will make him the majority owner. This story was originally published on Dec. 4, 2017.



Chicago-based real estate developer Sterling Bay issued a press release on November 21 unveiling plans to purchase a USL team and base them out of a Lincoln Yards stadium, which is part of the Amazon headquarters pitch from the City of Chicago.



According to Sterling Bay, the proposed 20,000-seat stadium with a retractable roof would be built as soon as 2020, although announcements on ownership and team structure will be made at a future date. Sources familiar with the development indicate the construction plans are not...