If the magnetic field was in anyway perceptible, I doubt they would have any kind of ferrite metal around the facility. For the love of Benji, Lord knows what the consequences would be if 100 sq km of French and Swiss countryside had a constant 8 T of magnetic field. If I recall correctly, Fermi lab (and by extension LHC most likely) used quadrupole magnets, and a quadrupole moment falls off as 1/r^4 where as the normal magnet source is a dipole moment, 1/r^3. So let's say that we want a focused 8 T at the origin of the quadrupole. For sake of proper normalization, let's just say that at a distance of 1 foot, the magnetic field is 8 T. Then 100 feet away, the magnetic field has already dropped to 80 nT from quadrupole magnets and 8 microT from the dipole magnets.
As for being underground, it's the best place to put it. The darn thing has a circumference of 27 km, a radius of 8.6 km. The Earth is not going to distort magnetic fields appreciably. Very few materials have a permeability greater than unity. The obvious and most plentiful exception is iron or other ferrite compounds. However, you need a large block of iron to distort magnetic fields. It's generally easier to shield magnetic fields by simply using another magnet that is placed in such a way as to minimize the fields outside a specified area. This is what they do in "magnetically shielded" speakers.