Mayor Rahm Emanuel is expected to announce this week plans for a $300 million 12,000-seat arena for DePaul University at McCormick Place — a proposal that will call for millions in taxpayer dollars, sources tell the Chicago Sun-Times.
The mayor will also announce plans to build two mega hotels on McPier property in the hopes of aggressively growing convention and meeting business in Chicago.
The article is behind their "register-wall", but it's worth a read if you're willing to register.
If you've been following this story over the past couple of months you know that it's taken its fair share of twists and turns. While this sounds pretty solid, we're going to take a wait and see approach.
Regardless, pretty big news if this ends up being true.
What do you think? Is this a done deal or is this just the latest twist in a heavily charged political tussle?
(Hat tip: JA & KO!)