A new White Sox stadium near downtown would make the most of views of the Chicago River and the Willis Tower, bringing explosive growth to the South Loop.
would make the most of views of the Chicago River and the Willis Tower, bringing explosive growth to the South Loop, prospective developers said Wednesday.
Conceptual renderings of the area at 35th Street and Shields Avenue, including a potential new soccer stadium. The development would generate a $9 billion investment, $4 billion in annual stabilized economic impact, and $200 million in annual tax revenue, according to the developer’s projections, which were not publicly substantiated. Those projections include buildout of Discovery Partners Institute, a state proposal for a technology and research center.
When the proposal first became public in January, the Sox and Mayor Brandon Johnson issued a joint statement, but did not mention a new stadium or site. The new plans call for 5 million annual visitors — about triple what the Sox drew in attendance last year — plus 1,000 affordable residential units, and 1,300 new housing units at the current Sox home near Bridgeport, redeveloped in the drawings to a smaller size with a soccer field.
“The development would be a catalyst for the creation of Chicago’s next great neighborhood, create tens of thousands of permanent and construction jobs and bring a state-of-the-art White Sox ballpark to the South Loop riverfront,” Related Midwest wrote to the Tribune.
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