Overview
- The Chicago Plan Commission approved Related Midwest’s proposal for a 22,000-seat soccer stadium as the opening step of redeveloping the 62-acre site.
- Owner Joe Mansueto plans to privately finance the venue at roughly $650 million to $750 million with a goal to open for the 2028 season.
- Developers agreed to limit events at the stadium to 45 per year as they prepare another community meeting to address traffic, access, noise and housing concerns.
- Neighbors and planning advocates criticized reduced transit commitments compared with a 2019 plan that envisioned $551 million in upgrades including a new Red Line station, and officials said very early discussions are underway on revised TIF support for infrastructure.
- The project next goes to the City Council’s Zoning Committee before a full council vote, with supporters citing thousands of jobs and an $8 billion buildout that could include up to 10,000 homes with 2,000 affordable units.