United Center owners unveiled a proposed $7 billion private investment in Chicago's Near West Side.
United Center owners unveiled a proposed $7 billion private investment in Chicago 's Near West Side.Dubbed The 1901 Project after the United Center's address, the investment aims to create a "thriving, interconnected neighborhood" surrounding the stadium. The next generation of owners Danny Wirtz and Michael Reinsdorf shared their vision for a transformative neighborhood development at a news conference Tuesday morning.
"We aim to create a development alongside our neighbors to deliver jobs, housing, commerce and community resources, creating a more prosperous future for all residents."In total, The 1901 Project is expected to generate $4.5 billion in economic impact and create 63,000 construction jobs over an estimated 10 years. Upon completion, the new addition would support around 12,000 permanent jobs, fostering long-term economic growth and stability for the community.
Il Cook County Chicago News Organization United
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Three men wounded in shooting near University of Chicago Medical CenterChicago police said the three men shot near the corner of 57th Street and South Cottage Grove Avenue were in good condition.
Read more »
DNC sets up for the big show at Chicago's United CenterConstruction crews were revamping the arena, and seats where thousands of screaming fans once sat were removed. The DNC Executive Director credits his team for pulling this off.
Read more »
Chicago puts the finishing touches on the United Center for the DNCBy the end of the week, they hope to have all of the exterior projects completed, meaning the rest of the work will take place behind closed doors in the United Center.
Read more »
Secret Service, Chicago police responsible for securing rooftops around United Center during DNCIt will be up to CPD to secure the soft perimeter, meaning everything outside of the convention, and that may be where the biggest challenges lie.
Read more »
Windy City Smokeout takes over Chicago's United Center parking lot through SundayWindy City Smokeout takes over United Center parking lot through Sunday
Read more »
Chicago Fire Department has plan in place to keep DNC at United Center, surrounding area safeChicago Fire Department has plan in place to keep DNC, surrounding area safe
Read more »