From the Chicago Fire's press release:
Mayor Lori E. Lightfoot, the Chicago Fire Football Club, Alderman Jason Ervin (28th Ward), and the Chicago Housing Authority (CHA) today announced the signing of a ground lease for a new training facility for Chicago’s Major League Soccer (MLS) team in the Roosevelt Square neighborhood on the Near West Side.
As part of the long-term lease agreement, the Fire will finance the development of the multi-million-dollar facility and provide an $8 million community investment to be used for the rehabilitation and preservation of nearby CHA housing and the creation of indoor and outdoor community spaces. Additionally, the Fire will provide long-term employment for community members, resources for minority and women-owned businesses, free sports programming for local youth, community green spaces, and more.
The lease is estimated to generate $40 million in revenue for CHA over the next 40 years, and CHA will use the proceeds to invest in its housing mission, including ABLA Brooks Homes, Loomis Courts, and Williams Jones. Construction on the training facility is anticipated to begin later this spring.
“At CHA, our goal is to help families unlock their economic power and seniors thrive. We know that all residents – including those who use housing subsidies - benefit from mixed-use, mixed-income communities with access to quality public schools, outdoor recreation, jobs and career opportunities, healthcare, and more,” said CHA CEO Tracey Scott. “This new partnership with the Chicago Fire will secure substantial funds to improve aging public housing at ABLA Brooks and Loomis Courts and create long-term employment opportunities for CHA residents. It will serve as a catalyst for future growth on the Near West Side for years to come.”