The Chicago White Sox are reportedly considering building a new stadium because their lease on Guaranteed Rate Field ends after the 2029 season, according to sources from the Chicago Sun-Times last month.
The concept drawings for Chicago’s “The 78” south loop riverbank stadium have been made public, exclusively by Tahman Bradley of WGN. The pictures and details were provided by Related Midwest, who provided the first look at the White Sox’s new home.
The South Loop’s possible new stadium’s renderings thrilled White Sox supporters, who responded to them on Twitter.
If the White Sox relocated to The 78, a plot of land in the South Loop bounded to the north by Roosevelt Road, to the west by the Chicago River, to the east by Clark Street, and to the south by train tracks close to Ping Tom Park, they would be abandoning their former neighborhood for the first time.
With a $9 billion investment, the initiative, dubbed “Project Impact,” projects a $4 billion stabilized annual economic benefit and five million yearly tourists.
It boasts more than ten acres of open space and stabilized tax revenue of $200 million annually. In addition, this project will provide 1,300 residential apartments, 1,000 affordable units, and 32,000 employment.
The project will be built in “The 78,” one of the 77 official community zones of the city. The park is planned to serve the unofficial 78th neighborhood of the city.
One of the projects in the development is HIRE36O by Related Midwest, which will create jobs in the building and hospitality industries.
Roosevelt Square is another feature of it, where mixed-income housing may eventually be accessible. Two African-American contractors will build the 80/20 high-rise that is The Row Fulton Market. Twenty percent of the residences will be on site.
Public transportation has also been considered in the project; the Red, Green, and Orange lines of the CTA all have direct stops at Roosevelt and State Street, which is a few streets east of the property.
The water taxi stop at Ping Tom Park is available to people who wish to use the water transportation down the river.