United Center owners unveil private investment in Chicago's Near West Side

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United Center owners unveiled a proposed $7 billion private investment in Chicago's Near West Side.

United Center owners unveiled a proposed $7 billion private investment in Chicago's Near West Side.Dubbed The 1901 Project after the United Center's address, the investment aims to create a "thriving, interconnected neighborhood" surrounding the stadium. The next generation of owners Danny Wirtz and Michael Reinsdorf shared their vision for a transformative neighborhood development at a news conference Tuesday morning.

"We aim to create a development alongside our neighbors to deliver jobs, housing, commerce and community resources, creating a more prosperous future for all residents."In total, The 1901 Project is expected to generate $4.5 billion in economic impact and create 63,000 construction jobs over an estimated 10 years. Upon completion, the new addition would support around 12,000 permanent jobs, fostering long-term economic growth and stability for the community.

 

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