All articles tagged with #south loop
Originally Published 6 months ago — by Chicago Tribune
The Chicago Fire unveiled detailed plans for a $650 million, 22,000-seat open-air stadium at The 78 in South Loop, designed to resemble a historic Chicago factory, with construction potentially starting in fall 2023 and aiming for completion before the 2028 MLS season, featuring riverfront access and premium seating options.
Originally Published 6 months ago — by Chicago Sun-Times
The Chicago Fire FC unveiled renderings for a $650 million, 22,000-seat open-air stadium at The 78 in the South Loop, funded privately by owner Joe Mansueto, with plans to host soccer games and events, emphasizing Chicago's industrial heritage in its design, and aiming for a 2028 opening.
Originally Published 1 year ago — by NBC Chicago
At least nine teenagers have been charged following a violent gathering in the South Loop area of Chicago, where two teenagers were shot, one fatally, and another sustained a gunshot wound to the leg. The charges range from disorderly conduct and simple assault to reckless conduct and resisting arrest.
Originally Published 1 year ago — by Chicago Sun-Times
Chicago White Sox Chairman Jerry Reinsdorf is lobbying for over $1 billion in taxpayer dollars and $900 million in public infrastructure to build a new stadium in the South Loop, arguing that the team needs a modern facility to remain competitive. Critics, including State Rep. Kelly Cassidy, are skeptical of Reinsdorf's claims and oppose subsidizing wealthy businessmen. Reinsdorf's argument for public funding echoes his past threats to move the team, but faces resistance in Springfield. The proposed stadium project aims to revitalize the South Loop area, but the substantial subsidy request is met with skepticism and opposition from lawmakers and community members.
Originally Published 1 year ago — by WGN TV Chicago
White Sox owner Jerry Reinsdorf and team executives are seeking roughly $1 billion in public money to build a new ballpark in Chicago's South Loop, with Mayor Brandon Johnson not ruling out the possibility of public funding but emphasizing the need for a real commitment to public use and benefit. The proposed project on "The 78" could bring significant economic investment and job creation, but skepticism and concern about public subsidies have been expressed by state legislators, former Governor Pat Quinn, and local residents and business owners in the current Bridgeport neighborhood.
Originally Published 1 year ago — by Chicago Sun-Times
White Sox owner Jerry Reinsdorf is seeking $1 billion in public funding for a new ballpark in the South Loop neighborhood known as The 78. He was expected to meet with Illinois House Speaker Emanuel “Chris” Welch to discuss the ambitious proposal, which includes a ball park-anchored megadevelopment. Reinsdorf may seek funding through refinancing existing bonds and a taxing district around the stadium. The Chicago Bears are also expected to seek legislative support for a potential new stadium.
Originally Published 1 year ago — by Chicago Sun-Times
The White Sox and developer Related Midwest are eyeing a new stadium in the South Loop, but questions remain about how the $1.2-1.5 billion project will be funded, potentially involving bonds issued by the Illinois Sports Facilities Authority and tax increment financing. The proposal faces competition from the Chicago Bears, who are also seeking a new stadium, and the state legislature is waiting for more details before making any decisions.
Originally Published 1 year ago — by NBC Chicago
Ambitious new renderings from Related Midwest show what a potential new Chicago White Sox Stadium at "The 78" in the South Loop could look like, projecting significant economic impact and community benefits. The proposed location, bordered by Roosevelt Road, the Chicago River, Clark Street, and train tracks near Ping Tom Park, would offer ample public transit access. The move would mark the White Sox's departure from their longtime neighborhood, with the team considering the construction of a new stadium after their lease at Guaranteed Rate Field expires in 2029. Related Midwest also released conceptual renderings for the team's current home at 35th and Shields, acknowledging the need for community input in determining the best use for the land.
Originally Published 1 year ago — by Bleed Cubbie Blue
The White Sox have proposed a new stadium in Chicago's South Loop, with renderings showing an impressive skyline view. The stadium would be part of a new neighborhood development called "The 78." While it could be a game changer for the team and the area, it's still years away and the team's current lease runs through 2029. The author emphasizes that no public money should be spent on the stadium, citing staggering figures of property tax exemptions for sports venues and the impact on education funding.
Originally Published 1 year ago — by Chicago Tribune
Prospective developers have unveiled plans for a new White Sox stadium near downtown Chicago, featuring riverfront views and a potential $9 billion investment. The proposed development, which includes a soccer stadium and housing complex, aims to revitalize the South Loop area and generate significant economic impact. However, the financing for the new park remains uncertain, and public funding would require legislative action. The proposal also faces competition from the Chicago Bears, who are considering building a new stadium.
Originally Published 1 year ago — by WLS-TV
New renderings of a proposed Chicago White Sox stadium in the South Loop, part of a 60-acre complex including open park spaces and apartment buildings, have been released by developer Related Midwest. The stadium would be located in Chicago's newest neighborhood, "The 78," and would feature an open-aired, half-translucent design. While the project is seen as a catalyst for growth, concerns about traffic, security, and funding remain. The move reflects efforts by Chicago leaders to retain professional sports teams within the city limits.
Originally Published 1 year ago — by NBC Sports Chicago
The White Sox have released renderings for a potential new stadium at "The 78" near downtown Chicago's South Loop, projecting significant economic impact and community benefits. While the move remains speculative, discussions between the team and city officials are ongoing. Illinois Governor J.B. Pritzker expressed reservations about public funding for private facilities, and "The 78" is a 62-acre area with a history of development plans. The proposed location offers convenient access via public transportation and water taxi.
Originally Published 2 years ago — by Chicago Tribune
Alderman Pat Dowell, whose ward includes the South Loop plot where the White Sox are considering building a new stadium, expressed support for the project after meeting with the developers. The potential stadium, part of a larger development project, has garnered interest but faces financial and logistical challenges. Another alderman, Nicole Lee, also met with the team and developers, expressing mixed feelings about the potential move. Concerns about traffic, noise, and community input need to be addressed as discussions continue.
Originally Published 2 years ago — by Chicago Sun-Times
Chicago developer Related Midwest plans to build a new White Sox stadium in the South Loop neighborhood, part of a multibillion-dollar development called The 78. The project includes thousands of residences, a hotel, restaurants, an office building, and a school alongside a University of Illinois tech research center. The stadium would serve as an entertainment hub, and while public financing remains uncertain, the potential move has sparked discussions about the use of tax increment financing. The ambitious plans also raise questions about housing market saturation and integration with the Discovery Partners Institute.
Originally Published 2 years ago — by NBC Sports Chicago
The Chicago White Sox are considering a potential new home at "The 78," a 62-acre area located in the South Loop of Chicago, bounded by Roosevelt Rd. to the north, Clark St. to the east, and the Chicago River to the west. The area was originally created from a landfill project and was used as a rail yard in the past. The development group Related Midwest bought the property in 2016 and has plans for mixed-use development, including the University of Illinois' Discovery Partners Institute. The site is easily accessible by public transportation, with several CTA lines and bus routes nearby, as well as a water taxi stop at Ping Tom Park.