Photo Credit: Sterling Bay
An email written by 2nd Ward Alderman Brian Hopkins threatens the most ambitious development project on Chicago’s North Side. The development plan, drawn by Sterling Bay, features a 20,000-seat soccer stadium/entertainment district that Live Nation, a popular concert promoter, would oversee. The developments plan is to be located between Lincoln Park and Bucktown. The proposal also includes a 21-acre public space, while the last proposal only included 13.4 acres. However, they need more acreage for public space according to Hopkins.
Hopkins goes on in his email to say “I am not in support of a major sport and entertainment arena within either of their two planned development districts now under consideration. The Entertainment District will be eliminated from a revised plan, and replaced by restaurants, theaters, and smaller venues that will be scattered throughout the site. Live Nation will have no ownership interest in any of these venues."
After issuing the email, Alderman Hopkins states in his recent interview “The ball is now in their court”.
Sterling Bay acknowledged the Alderman and residents for not wanting a stadium. They are already in the process of revising the plan. We’re curious as to how this will affect Sterling Bay’s deal with Live Nation.
As more information comes forward, we will be sure to keep you updated on how Sterling Bay’s deal with Live Nation works out, and any new proposed revisions to the project.