Event Center Frequently Asked Questions
How is DePaul financing the project? Will tuition money be used?
When will it be completed?
How will it benefit students who are not interested in athletics?
Is the hotel connected to the event center project?
How will the event center help in improving the basketball team?
How much would an arena cost if we built it ourselves? What other options were considered?
Over the years, the university considered numerous potential sites throughout Chicago. Site selection factors that were considered included traffic flow, the need for considerable nearby parking capacity (2,000 to 3,000 cars), zoning requirements, land costs, and ease of access to location via public transportation from DePaul’s Lincoln Park and Loop campuses.
In addition to those important site selection factors, it was critically important for the university to pursue a cooperative arrangement to offset a significant portion of the cost to the university. The new site at McCormick Place provides the university with a compelling economic structure in addition to access to ample parking and convenient public transportation access from both the Loop and Lincoln Park campuses. The selected location is also near the central business district of Chicago and is conveniently accessed from the I-90, I-94, I-55 and I-290 expressways as well as Lakeshore Drive. The partnership with the Metropolitan Pier and Exposition Authority enables DePaul to meet its strategic goal of returning Blue Demon basketball to the city in a cost-efficient redevelopment project that benefits the community, increases DePaul's visibility and strengthens the university's historical commitment to the city.
How far away is McCormick Place?
Will it be safe for students to get to and from?
As with any neighborhood, in Chicago and elsewhere, pedestrians and users of mass transit should remain aware of their surroundings and vigilant about personal safety – particularly when traveling alone or at night.
Will the facility only be used for basketball?
Is TIF funding being used to build the event center?
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