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United Center Owners Unveil $7B Proposal to Redevelop Area Around Arena
The owners of United Center have announced plans for a $7 billion plan to redevelop the area surrounding the stadium with green space, housing, a 6,000-seat capacity music hall and more.
Chicago Bulls owner Michael Reinsdorf and Chicago Blackhawks owner Danny Wirtz jointly unveiled the plans for the largest private investment on Chicago’s West Side. The 1901 Project would include housing, retail, entertainment and public open space on more than 55 acres surrounding the arena campus.
The project’s first phase aims to begin in spring 2025 on surface parking lots adjacent to the arena. “The vision for The 1901 Project is to bring impactful investment and economic opportunity to the West Side that complements and supports its rich history and galvanizes its vibrancy,” said Wirtz.
The $7 billion investment is projected to deliver an estimated $4.5 billion in stabilized economic impact and $104 million in stabilized tax revenue. The development is estimated to create 63,000 construction jobs and 12,000 permanent jobs.
