Wirtz, Reinsdorf Families Unveil Ambitious $7B Plan to Transform United Center Area
In a groundbreaking move, the Wirtz and Reinsdorf families, owners of the Chicago Bulls and Blackhawks, have announced a $7 billion redevelopment project to create a vibrant campus around the United Center. The 10-year plan, dubbed the 1901 Project, promises to revolutionize the area into a thriving mixed-use district.
A Game-Changer for Chicago
“This project is a game-changer for Chicago,” said Rocky Wirtz, Chairman of the United Center. “We’re committed to creating a world-class destination that showcases the best of our city.”
*Key Features:*
– 6,000-seat music hall
– Hotel and retail buildings
– Public open space and parks
– Thousands of apartments, with 20% reserved for affordable housing
– Expected to create 4,000 construction jobs and 1,900 permanent jobs
*Private Investment, Community Focus*
The project is primarily funded by private sources, with no request for financial assistance from the city. The developers have emphasized their commitment to community engagement and inclusive development.
*City Approval Next Step*
The project needs approval from the Chicago Plan Commission and the full City Council, which could come by the end of the year.
Stay tuned for further updates on this exciting development!
Be the first to comment