Joe Mansueto
The Chicago Fire broke ground on a new stadium development site Tuesday at The 78 in Chicago’s 3rd Ward. The stadium is expected to open before the 2028 Major League Soccer season following a $750 million private investment from the club’s owner, Joe Mansueto.
Two weeks after announcing a plan to build a privately funded $650 million stadium on the South Branch of the Chicago River, the Chicago Fire has released new renderings of the proposed arena.
Team owner Joe Mansueto will personally pay for the stadium, it was announced. Groundbreaking could take place in late 2025 with the stadium ready for play by the 2028 season.
Federal officials failed to conduct a required civil rights review to determine whether the deal would meet the Chicago Housing Authority’s obligations under the federal Fair Housing Act, according to the lawsuit.
The facility is set to take over some 26 acres of Near West Side property that was part of the Addams-Brooks-Loomis-Abbott homes, known as ABLA. The Fire plans to build a “performance center” building and five and a half soccer fields.
More than 30,000 people wait for homes from the Chicago Housing Authority. Meanwhile, a site that’s gone undeveloped for two decades is set to become a Chicago Fire practice facility.
When thousands of families were forced to move out of the ABLA Homes public housing complex two decades ago, leaders promised they would be able to come back to new housing. Now, after building less than a third of the promised new units, officials are moving to redevelop the largest plot of empty land at ABLA — but not for housing.
He’s one of about a dozen Illinois residents who regularly makes Forbes’ list of the richest people in America. We sit down with Morningstar founder Joe Mansueto.