Bulls and Blackhawks Owners’ $7 Billion Vision to Revitalise Chicago

The owners of the Chicago Bulls and Blackhawks, along with co-owners of the United Center, are planning a massive development project around their arena, situated just a few miles west of downtown Chicago. Unlike other Chicago sports teams struggling with billion-dollar proposals, this ambitious plan aims to transform the area around the United Center into a vibrant community hub.

A $7 Billion Transformation

Jerry Reinsdorf and Rocky Wirtz, owners of the Bulls and Blackhawks respectively, have announced a 10-year, $7 billion project called "The Project 1901." This initiative plans to create an elevated green space, affordable housing, and a 6,000-seat entertainment venue around the United Center. The proposal, still requiring approval from the Chicago Plan Commission and city council, stands out due to its reliance on private investments, contrasting sharply with other local sports teams’ plans which seek substantial public funding. For instance, the Bears are requesting around $900 million for their new stadium, while the White Sox are seeking $1 billion for a downtown stadium.

An Overhaul of the Near West Side

The United Center, located in the Near West Side neighborhood, is surrounded by parking lots and lacks commercial activity. Over the past two years, Reinsdorf has been acquiring these parking lots, likely in preparation for this extensive redevelopment.

Ciere Boatright, Chicago Department of Planning and Development commissioner, described the current state as "a sea of asphalt" and expressed optimism about the economic opportunities the project presents. The proposal, which represents the largest private investment in the West Side, aims to replace these parking spaces with the new development.

Addressing Transportation and Community Needs

Public transportation to the United Center is currently limited. The project may require some government investment to extend the CTA train line to better serve the area. The contrast between the United Center and the Cubs’ Wrigley Field is notable; the latter is integrated into a vibrant community with nearby commercial establishments and easy access to public transit.

Alderman Walter Burnett of the 27th Ward expressed enthusiasm for the investment, highlighting the often-overlooked West Side's need for such private investment. "It’s our time," he stated, reflecting the community’s eagerness for this transformative project.