City Council Committee Approves $7 Billion 1901 Project
A Multi-Phased Redevelopment Plan for the United Center Neighborhood
Members of the Chicago City Council’s Committee on Zoning, Landmarks and Building Standards have given their approval to a $7 billion plan to redevelop 55 acres around the United Center in the city’s west side Garfield Park neighborhood. The proposal still needs the backing of the full council.
The 1901 Project
The “1901 Project,” named after the arena’s postal address on West Madison Street, would add housing, retail, entertainment space, and a public plaza to areas surrounding the arena. Construction would take place in seven phases over the course of 10-15 years.
Phases and Timeline
Phase one is expected to take two years to complete and would include the construction of a large music hall designed to seat 6,000 people. It also includes a hotel and a public plaza for special events.
Private Funding
Private funds between the two families who own the Chicago Bulls and the Chicago Blackhawks will cover the estimated $7 billion price tag. There is no plan to ask for government funding.
Background
The United Center is about 30 years old and was not built with public money. It hosts about three million people a year.
Photo Renderings of The 1901 Project
Conclusion
The 1901 Project is a multi-phased redevelopment plan for the United Center neighborhood, with a price tag of $7 billion. The project is expected to be funded by private funds from the two families who own the Chicago Bulls and the Chicago Blackhawks, with no plan to ask for government funding. The project aims to add housing, retail, entertainment space, and a public plaza to the area, with construction taking place over 10-15 years.
FAQs
* What is the 1901 Project?
The 1901 Project is a $7 billion redevelopment plan for the United Center neighborhood.
* Who will fund the project?
Private funds from the two families who own the Chicago Bulls and the Chicago Blackhawks will cover the estimated $7 billion price tag.
* When will construction begin?
Construction is expected to begin in the near future, with a timeline of 10-15 years.
* What is the purpose of the project?
The project aims to add housing, retail, entertainment space, and a public plaza to the area, as well as renovate the existing United Center arena.