Residents have been reacting to the rumored plans on our facebook page this week. This morning more information has become available and your input is critical.
The new arena — officially dubbed an event center — will cost $140 million, plus $33 million for land acquisition. That’s substantially less than the $300 million figure that had been whispered in recent months. A spokesman for Mr. Emanuel says the arena will create 10,000 construction and 3,700 permanent jobs.
The facility will cover most of the block bounded by 21st Street, Indiana Avenue, Cermak Road and Prairie Avenue. That’s a block west of a property that the Metropolitan Pier & Exposition Authority, the agency that runs McCormick Place, originally wanted.
Please post a comment to our blog or send us an email with your thoughts. At our community meeting on Saturday we expect to have a brief discussion to begin the community input process.