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 17, 2014
22 land questions to decide if your build site works
When you’re ready to build, land needs a serious amount of attention. Since it can singlehandedly shift your building plans, land must be investigated, questioned, and eyed from every angle. SPONSORED CONTENT
| Jul 16, 2014
Mergers and acquisitions of AE firms on track for strong year in 2014
Through the first six months of 2014, Morrissey Goodale tracked 101 sales of U.S.-based architecture and engineering firms, roughly the same amount as during the first six months of 2013.
| Jul 16, 2014
Ware Malcomb announces New Jersey office expansion
Architecture and design firm also honored for commercial real estate projects in New Jersey.
| Jul 16, 2014
Learning design fundamentals in the digital age – How to balance learning and technology
My colleague and I were once asked an insightful question by a Civil Engineering Professor that sparked an interesting conversation. He’d been told about our software by some of his students who had used it during their summer internship. SPONSORED CONTENT
| Jul 16, 2014
Check out this tree-like skyscraper concept for vertical farming
Aprilli Design Studio has stepped forward with a new idea for a vertical farm, which is intended to resemble a giant tree. It uses lightweight decks as outdoor growing space, adding up to about 25 acres of space.
| Jul 16, 2014
User input on aquatics center keeps students in the swim [2014 Building Team Awards]
Collaborative spirit abounds in the expansion and renovation of a high school pool facility in suburban Chicago.
| Jul 16, 2014
Nonresidential construction starts up 34% in June
Construction starts for nonresidential work saw a surge in June, rising more than a third compared with the previous month, according to Reed Construction Data.
| Jul 16, 2014
ASHRAE, IAQA team up to improve resources on indoor air quality
Indoor Air Quality Association will become part of the ASHRAE organization while maintaining its own brand and board; HQ will relocate to Atlanta.
| Jul 15, 2014
Michael Graves talks with Washington Post about new design eye from life in a wheelchair
Celebrated American architect Michael Graves sits with the Washington Post to talk about how being on a wheelchair changed the way he focuses on design.
| Jul 15, 2014
A look into the history of modular construction
Modular construction is more than a century old, and throughout its lifespan, the methods have been readapted to meet specific needs of different eras.
