It’s opening day across the MLB, and the Chicago White Sox are set to kick off the action when they take on the Detroit Tigers at their longtime South Side site, Guaranteed Rate Field. But the team’s house may not stay its home for long. White Sox owner Jerry Reinsdorf is tipping his pitches in his pursuit of a new stadium at The 78 megadevelopment. The octogenarian telegraphed an ambitious proposal to build a stadium about 2 miles north with $1B in public money, which would cut its ties with the community the team has anchored for 114 years.
Much of the spotlight has centered on the economic impact a new stadium would have on a 62-acre site bordering the South Loop that developer Related Midwest is billing as Chicago’s “78th neighborhood.” But CRE players are raising issues with the financial vacuum a team exodus… Read the full story here. |