Crain's Chicago Business' Greg Hinz sheds light on a bold plan by Mayor Rahm Emanuel to boost the city's tourism and entertainment industries. The Emanuel administration earlier this week announced details on two separate projects that combined represent more than $1 billion in investments.
Hinz writes:
In one, a final deal has been struck to build a 10,000-seat arena across the street from McCormick Place that will be the new home of the DePaul Blue Demons basketball team and host smaller conferences, meetings, concerts and other sporting events. As part of that undertaking, a 500-room hotel will be erected kitty-corner from a 1,100-room "headquarters" hotel that already had been announced.
In the other initiative, Mayor Rahm Emanuel's team announced that it's ready to move ahead with the first, $163 million phase of the redevelopment of Navy Pier. Included: a new park and bicycle flyover at the pier's west end, an expanded Children's Museum and 54,000 square feet of new dining and entertainment space, mostly on the pier's lightly used east end.
Read the report by Crain's Chicago Business.
Related Stories
| Jul 26, 2022
Better design with a “brain break”
During the design process, there aren’t necessarily opportunities to implement “brain breaks,” brief moments to take a purposeful pause from the task at hand and refocus before returning to work.
Building Team | Jul 25, 2022
First Ismaili Center in the U.S. combines Islamic design with Texas influences
Construction has begun on the first Ismaili Center in the U.S. in Houston.
Codes and Standards | Jul 22, 2022
Office developers aim for zero carbon without offsets
As companies reassess their office needs in the wake of the pandemic, a new arms race to deliver net zero carbon space without the need for offsets is taking place in London, according to a recent Bloomberg report.
Codes and Standards | Jul 22, 2022
Hurricane-resistant construction may be greatly undervalued
New research led by an MIT graduate student at the school’s Concrete Sustainability Hub suggests that the value of buildings constructed to resist wind damage in hurricanes may be significantly underestimated.
School Construction | Jul 22, 2022
School integrating conventional medicine with holistic principles blends building and landscape
Design of the new Alice L. Walton School of Medicine in Bentonville, Ark., aims to blend the building and landscape, creating connections with the surrounding woodlands and the Ozark Mountains.
Market Data | Jul 21, 2022
Architecture Billings Index continues to stabilize but remains healthy
Architecture firms reported increasing demand for design services in June, according to a new report today from The American Institute of Architects (AIA).
Market Data | Jul 21, 2022
Despite deteriorating economic conditions, nonresidential construction spending projected to increase through 2023
Construction spending on buildings is projected to increase just over nine percent this year and another six percent in 2023, according to a new report from the American Institute of Architects (AIA).
Mixed-Use | Jul 21, 2022
Former Los Angeles Macy’s store converted to mixed-use commercial space
Work to convert the former Westside Pavilion Macy's department store in West Los Angeles to a mixed-use commercial campus recently completed.
Building Team | Jul 20, 2022
San Francisco overtakes Tokyo as the world’s most expensive city for construction
San Francisco has overtaken Tokyo as the world’s most expensive city for construction, according to a new report from Turner & Townsend.
Libraries | Jul 20, 2022
Canada to open one of the world’s largest library and archive facilities
When it opens in 2026, Ādisōke is expected to be one of the largest library and archive facilities in the world.
