CHICAGO (WLS) — The proposed 1901 project may be taking the next step Thursday morning.
The owners of the Chicago Bulls and Blackhawks will detail their proposed 1901 Project for the Chicago Plan Commission Thursday morning.
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The $7 billion project to redevelop the area around the United Center could reshape the city’s Near West Side over the next decade.
The project will be carried out in multiple stages, with the first phase anticipated to be finished by 2028. This initial phase will consist of a 6,000-seat theater, a hotel, and parking facilities.
RELATED: United Center owners pitch $7B investment called 1901 Project to revitalize neighborhood
Next phases call for a series of residential and retail properties for commercial use.
The project needs approval from the plan commission to move toward for final City Council approval.
During community meetings over the summer, some people who live around the UC shared concerns over gentrification.
RELATED: Neighbors concerned over gentrification in 1901 Project proposed by United Center owners
Organizers say the project would create thousands of new jobs.
If all goes well, groundbreaking could begin this spring.
Wednesday’s plan commission hearing is set for 10 a.m. at City Hall.
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