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 25, 2012
EwingCole adds healthcare director to D.C. office
Schultz brings over 25 years of proven experience in planning and designing healthcare, medical research, and government medical facilities.
| Jul 25, 2012
Contract awarded for Gaillard Municipal Auditorium renovations in Charleston, S.C.
Seeking LEED Silver certification, the project will begin in August and is slated for completion in December 2014.
| Jul 24, 2012
Boyer joins Thornton Tomasetti as vice president in New York office
Boyer will support Thornton Tomasetti’s Building Performance and Property Loss Consulting practices in the East U.S. region as well as nationally.
| Jul 24, 2012
Dragon Valley Retail at epicenter of Yongsan International Business District
Masterplanned by architect Daniel Libeskind, the Yongsan IBD encompasses ten city blocks and includes a collection of high-rise residences and commercial buildings.
| Jul 23, 2012
Venturi Scott Brown and Associates Becomes VSBA, LLC
After over fifty years as one of the world’s most renowned architects, Bob Venturi has retired from practice, while Denise Scott Brown continues to publish and present her work.
| Jul 23, 2012
Giants 300 Firm Index 2012
An alphabetical index of the Giants 300 AEC firms and their ranking in specific categories.
| Jul 23, 2012
Haynes Whaley announces leadership transition
Pronier has worked in the construction industry for the past 30 years.
| Jul 23, 2012
Missner Group completes construction of Chicago auto dealership
The Missner Group also incorporated numerous sustainable improvements to the property including the implementation of a vegetative roof, and the utilization of permeable pavers for the parking lot.
| Jul 20, 2012
2012 Giants 300 Special Report
Ranking the leading firms in Architecture, Engineering, and Construction.
| Jul 20, 2012
Data Centers Report: Demand ‘exploding’
BD+C's Giants 300 Top 25 AEC Firms in the Data Center sector.