Chicago Cubs owner Tom Ricketts has announced a joint venture with Sterling Bay, the developer building on the former Finkl Steel site in Lincoln Park (mentioned here last week), to bring professional soccer back to Chicago:
Sterling Bay will develop and own the stadium, and will keep an ownership stake in the USL franchise it bought last year. Ricketts will be the team’s majority owner.
The Tribune in October reported that Sterling Bay was proposing a stadium on the site, as part of its effort to bring Amazon or another large corporation to the mixed-use development as an office tenant.
Chicago’s USL team is expected to begin playing in 2021.
The stadium and training facility will be available to youth and professional athletes, and also will have community and cultural events, according to the news release.
The stadium is planned along the west side of the river.
I'm looking forward to the Lincoln Yards development. The Finkl Steel plant, though an economic powerhouse for decades in Chicago, was also a huge, ugly, and polluting bunion at the foot of the Lincoln Park community area. Like other former industrial areas near to downtown (including, or perhaps especially, the New East Side), almost any mixed-use commercial/residential development is preferable at this stage of Chicago's life.
Also, I think an English Premier League vs. Chicago football match would be loads of fun.