What's the gambit here? Make money off the site while it's still in this undeveloped state? Create a park that people want to go to in order to increase this area's profile and desirability? I'm too cynical to believe that it's a developer doing something out of altruism or kindness ...
Maybe? They put courts at 170 Green Street..... It's better than having a dirt lot, but it also means don't expect any construction where those courts are anytime soon.
Damn, that really sucks. I can’t read the article so dunno what happened…I suspect GC bids came in way over budget, which would not be surprising given current construction landscape.
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Instead it wants to split the project in two, with a presence at the new quantum technology campus on the Far South Side at the former U.S. Steel plant, and classroom and office space downtown.
Suppose that makes more sense. But not great news for The 78 coming to fruition.
Suppose that makes more sense. But not great news for The 78 coming to fruition.
It's not, but this also came out yesterday. I would think the 78 makes the most sense for the Fire, as it's close to their new training facility and downtown.
Quote:
Chicago Fire FC owner Joe Mansueto said he is "actively pursuing" development of a new soccer-specific stadium in the city and is targeting three proposed megaprojects as potential sites.
Quote:
Mansueto, who is on Forbes' list of the 400 richest Americans, previously said he would not pursue public funding for a soccer stadium if the team were to build one. His comments today are his most definitive public statements to date that the team is hunting for a new home.
Project went out for contractor bidding not that long ago, it was very much intended as a real project, but clearly, things have changed
Work was reportedly already underway, to the tune of $25 million in sunk costs by U of I, per Crain's:
Quote:
The decision came just after preliminary construction had begun on the 1.5-acre site near 15th and Wells streets, the south end of the 62-acre neighborhood development known as The 78, when the university abruptly stopped the work to reconsider.
...
U of I has already spent $25 million in design, engineering and other costs on the project. Killeen said the university asked the Capital Development Board, which was overseeing the buildout itself, late last week to halt the project and notified the governor’s office that it plans to switch gears.
Government needs to invest in the infrastructure to make these sites feasible. That's how it's done in Europe and Asia. Expecting private developers to foot the bill is just not realistic unless you're building sprawl in a cornfield, and even then it's dicey.
__________________ la forme d'une ville change plus vite, hélas! que le coeur d'un mortel...
I feel like this country is sometimes. I'm exaggerating a little and we do get some cool projects every now and then but we could do so much better.
Quote:
Originally Posted by ardecila
Government needs to invest in the infrastructure to make these sites feasible. That's how it's done in Europe and Asia. Expecting private developers to foot the bill is just not realistic unless you're building sprawl in a cornfield, and even then it's dicey.
The money from one fewer aircraft carrier could fund so many cool developments and we'd still have the most powerful military.
Possible future home of White Sox could have a second stadium, developer says
Related Midwest said it was "disappointed" by the Discovery Partners Institute's decision to exit, the departure opens up "opportunities for new partnerships and site configurations."
By NBC Chicago Staff • Published 32 mins ago • Updated 29 mins ago
Quote:
The company behind "The 78" development proposed in the South Loop said Friday the exit of the University of Illinois' Discovery Partners Institute from the project opens up new opportunities for the site, including the possible co-location of dual stadiums for the Chicago White Sox and Chicago Fire.
Crain's Chicago Business reported on Friday that the University of Illinois is scrapping its plans to build a $285 million research and teaching facility called the Discovery Partners Institute, a new research and innovation center, in the South Loop on the proposed site of The 78.
Related Midwest, the site's developer, planned to donate approximately an acre of land on the site to the University of Illinois for the construction of the institute. In a statement Friday, Related Midwest said it was "disappointed" by the DPI's decision to exit, but the departure opens up "opportunities for new partnerships and site configurations."
"Given its proximity to downtown, adjacency to the river and flexibility to accommodate a wide range of uses, The 78 stands alone in its ability to house large institutions that want to plant their flag in the heart of Chicago," their statement read, in part. "We are actively exploring the co-location of dual stadiums for the Chicago White Sox and Chicago Fire, two organizations whose presence at The 78 would align with our vision of creating Chicago’s next great neighborhood."
The University of Illinois is scrapping its plans to build a $285 million research and teaching facility called the Discovery Partners Institute (DPI) in the South Loop on the proposed site of The 78.
Instead it wants to split the project in two, with a presence at the new quantum technology campus on the Far South Side at the former U.S. Steel plant, and classroom and office space downtown.
Quote:
U of I has already spent $25 million in design, engineering and other costs on the project. Killeen said the university asked the Capital Development Board, which was overseeing the buildout itself, late last week to halt the project and notified the governor’s office that it plans to switch gears.
Two stadiums makes economical sense in that they can share infrastructure (and costs).
Reinsdorf is really looking for that 'friend' that will pick up some of the check.
Possible future home of White Sox could have a second stadium, developer says
Related Midwest said it was "disappointed" by the Discovery Partners Institute's decision to exit, the departure opens up "opportunities for new partnerships and site configurations."
By NBC Chicago Staff • Published 32 mins ago • Updated 29 mins ago
I read recent articles last week in which the Fire owner, Joe Mansueto, said he doesn't believe in public funding for sports stadiums. This is a welcome and needed change from professional sports owners.
Given such an attitude, why has there been any hold-up on the Fire not building a new stadium within the city? Hopefully, the prospect of the Fire at the 78 can gain quick momentum and it happens even if a new Sox stadium doesn't.
I read recent articles last week in which the Fire owner, Joe Mansueto, said he doesn't believe in public funding for sports stadiums. This is a welcome and needed change from professional sports owners.
Given such an attitude, why has there been any hold-up on the Fire not building a new stadium within the city? Hopefully, the prospect of the Fire at the 78 can gain quick momentum and it happens even if a new Sox stadium doesn't.
I wish Joe would buy the White Sox.
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