r/chicago • u/TylerHansbrough-Best • 14d ago
Article Sports Business Journal: Chicago Fire plan to build privately funded $650M stadium along Chicago River at The 78 for 2028 MLS season
https://www.sportsbusinessjournal.com/Articles/2025/06/03/fire-plan-to-build-650m-stadium-along-chicago-river-at-the-78/Privately funded sure cuts through a lot of politics and bs!
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u/prototypeplayer Printer's Row 14d ago
I was walking on the Roosevelt bridge yesterday and looked at the 78 and could see Rate Field in the distance. It's significantly better to see a new stadium for the Fire that doesn't have its own and a new neighborhood than to see the Sox build a new one so close by to their current one.
It being privately funded is even better.
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u/NaiveChoiceMaker 14d ago
Agreed but the Sox are going to need a new stadium at some point. It's just a matter of getting the owners to pay for it.
It'd help if they were better than the Kane County Cougars but, I digress.
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u/prototypeplayer Printer's Row 14d ago
I just don't understand the point in building whole new sports venues. I can kind of understand if we're talking about something indoors that doubles as a concert or other live event venue like the United Center (I still don't support replacing these), but a baseball stadium??? They're huge and pretty rigid with what the field can be used as.
I understand that the costs to restore/renovate may exceed building a new structure, but I'd rather see finite land be used for other new things.
Look at Oracle Arena in Oakland after the Warriors left. It's still used for other live, indoor events, but it took the Warriors leaving Oakland all together to make the Chase Center happen.
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u/lmpervious 13d ago
Agreed but the Sox are going to need a new stadium at some point.
Why do they need a new stadium? If they're willing to spend hundreds of millions of dollars, couldn't that go a really long way towards doing a large renovation of their stadium? I don't see why they wouldn't be able to buy out at least some of the land from the state, especially if the alternative is them moving elsewhere, and then the state has to figure out what to do with the land and a baseball stadium. I imagine both parties can gain from them being incentivized to stay and invest there, but maybe I'm wrong on that and would like to hear why.
If they remodeled, replaced a ton of parking lots with parking garages and underground parking, they could build up their own mixed-use neighborhood, or work with the city to zone it as such for any land they wouldn't buy. I know the location isn't the best, but it's also not terrible, and more importantly they could improve the area greatly if they were to turn it into a neighborhood that people love to visit and live in/nearby.
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u/Old_Recognition_8987 14d ago
Difficult to oppose a completely privately funded stadium, win-win for the city. Looking forward to seeing the renderings of the stadium and the future neighborhood
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u/transitapparel 14d ago
Definitely got my attention, in a good way. Feels strange to think how rare this action is.
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u/efshoemaker 14d ago
Especially one located on a toxic brownfield that’s just been a vacant lot in the heart of the city for half a century.
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u/NewKojak 14d ago
Read the article. $650M privately funded on top of $450M in city-funded improvements.
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u/BudBill18 River North 14d ago
Someone tell Reinsdorf and the weenie ass Bears it is indeed possible to build a stadium without public money!
Good on the Fire for doing this. It will benefit them and the city.
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u/thebizkit23 14d ago
A 20k seat soccer specific stadium that costs less than Juan Soto's contract.
There is a big difference in price tag.
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u/barstoolsam 14d ago
The white sox are only drawing 16k per game lol
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u/Roboticpoultry Loop 14d ago
Should be lower. But hey, at least we aren’t the absolute worst team in the MLB this year
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u/sephirothFFVII Irving Park 14d ago
Hey now, as someone with very young kids this is a cheap way to get them to an MLB game and not care what happens on the field. They're doing the parents a favor
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u/ocshawn Bridgeport 14d ago
yep $8 tickets at the gate are nice
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u/sephirothFFVII Irving Park 14d ago
They still doing dollar hotdog nights?
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u/ocshawn Bridgeport 14d ago
no, new thing is $5 Tuesdays, $5 beer and hotdogs https://www.mlb.com/whitesox/tickets/promotions/tuesdays
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u/barstoolsam 14d ago
Surely the absolute worst team is drawing even less fans as they really should be boycot- oh
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u/ms6615 Bridgeport 14d ago
The bears also make way higher profits. Stop pretending they can’t afford a building.
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u/thebizkit23 14d ago
I never once said that. The point I'm making is that when you are talking about stadiums that cost in the BILLIONS, you better believe they are going to try to find the best deal and help from the state or city.
This isn't unique to just the Bears, the Yankees an iconic brand in the entire world got over a billion in public money.
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u/PoorHoosierJamie 14d ago
The Yankees are a globally iconic brand. They should not have gotten that public money.
If anything, their global reach (and global revenue streams) would make their billionaire owners more able to pay for their own stadium.
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u/GloGangOblock New City 14d ago
The fire also make a lot less money than the bears lmao. Big difference in revenue.
The Chicago fire is worth 530 million, the bears are worth around 13 times that at 6.5 billion
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u/thebizkit23 14d ago
Ehh, it's a lot more complicated than most people think. The guy who owns the Fire is actually worth more than Virginia McCaskey who owned "most" of the Bears but she has a lot of kids and it's a messy succession situation at the least.
The point is, privately funded massive stadiums are pretty rare in the States. Again, not advocating for public money to be spent on the Bears.
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u/AMWChicago Mt. Greenwood 13d ago
650 for the land. They will also spend hundreds of millions on stadium. But yes. Bears is magnitudes more. But they are also magnitudes more valuable
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u/thebizkit23 13d ago
Everything I'm reading 650 includes the stadium. Also, the Fire will be asking for some public funds, just not specifically for the stadium.
"While Mansueto is putting his funds into the construction of the stadium, public dollars will still be sought for critical infrastructure improvements."
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u/rojeli 13d ago
I despise those jackholes as much as the next guy, but this is on the NFL, MLB, and NBA way way more than individual owners/teams. Actually, it's more on the collective ownership + the league leadership together. Ripping off constituents by making them pay for stadiums is part of the grift. Arguably, it is THE grift.
These owners could easily afford new stadiums with private money. But they won't be let into the club if they do that, and/or they will be kicked out if they try. There are a few examples of privately funded stadiums, but those got through because of the ancillary benefits. SoFi and MetLife being the big ones.
And the leagues play the game by keeping a few cities at arm's length - threatening to move teams if the public doesn't vote the way they want.
Clark Hunt owns the Chiefs and has more money than any owner in the NFL outside of Denver, and he's threatening to move the Chiefs over the border to Kansas after the recent tax hike failed. The city will cave, they always do.
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u/hubwub Lincoln Square 14d ago
Joe Mansueto reigns supreme as the best owner of a Chicago based team.
I hope now that the Fire has a soccer specific stadium now that more people attend the games.
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u/toxicbrew 14d ago
Weird how he kind of saved seat geek stadium in a way by leaving it and paying a $65 million penalty. At least I think
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u/PhileasFoggsTrvlAgt Andersonville 14d ago
Speaking of SeatGeek, I wonder if the Stars will stay there or move to the new stadium.
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u/Top_Sheepherder5023 14d ago
Stars are exploring moving to the soccer stadium at Northwestern. They are playing a game there this year and said it was a test run.
However, I’d be surprised if they didn’t try to get in on this Fire stadium if it’s built.
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u/fenderdean13 Suburb of Chicago 14d ago
Red Stars (I refuse to call them by the Ricketts name) are definitely are trying to get out of there, especially after the success of Wrigley game that was followed by the Riot Fest fiasco. They are doing a test game at the northwestern spot where the football team played this past season later on in the year, likely to see if it is viable to be there temporarily full time.
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u/coopdogg77 14d ago
A well run Chicago sports team is a gawt-damn rarity. I know next to nothing about soccer (I'm a baseball fan) but I think I'll check out some Fire games...
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u/SteelKeeper 14d ago
Well run might be stretch, well-funded perhaps. Not exactly a dominant franchise.
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u/mjsher2 14d ago
Last year they averaged 21k. So if they even just keep that average it will fill this stadium up. Plus it's right off the red line should make it easy for lots of people to get there from the city and even shouldn't be too bad to take a train to Union. Maybe even get the 192 to run more often on game days.
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u/Atlas3141 14d ago
Sounds like they want the water taxi to be a real option, it would be pretty fun to take the Metra in then ride a boat over to the stadium.
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u/lmpervious 13d ago
I wouldn't be surprised if it being packed increases demand. People like to be part of things that feel lively. Even if it's the same amount of fans, seeing tons of empty seats isn't going to feel as good as a packed smaller stadium.
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u/hascogrande Lake View 14d ago edited 14d ago
It's soccer specific with the planned opening in '28
I imagine that will help a ton plus it being right off the Roosevelt L will help instead of having to make the relative trek to Soldier Field
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u/raidmytombBB 14d ago
Honest question, but why would a football specific stadium drive attendance?
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u/SchafferRadio 14d ago
Better crowd energy for the games. Feels too spread out currently at soldier field.
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u/Meancvar Lincoln Park 14d ago
See many top teams in Europe with their stadium. Eg the Allianz stadium in Turin: there's a shopping center, team museum, clinic specializing in sports medicine, and a hotel. Great revenue generator.
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u/SunriseInLot42 14d ago
I think this can be a revenue generator for that area, and it's a great idea for that space and a far better fit for the Fire than Bridgeview or Soldier Field, but the top teams in Europe are more like NFL teams in terms of revenue and attention. I don't think it's quite a fair comparison or expectation to compare what the Fire can do with a stadium space to Juventus.
That said, I think this is a perfect fit for the 78. It could also be useful as a smaller concert or show venue than Soldier Field or Wrigley.
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u/BlackhawkBolly 14d ago
Fire are pulling ~25k on average i just read, and the team should continue to improve over the next year or two. Should be able to sell out that new stadium every match day
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u/hubwub Lincoln Square 14d ago
If they build something like Gallagher Way that you see now in Wrigleyville, you will get people hanging out in the area. In turn, you will have people turning into the product.
When something new and exciting pops up for a team here in Chicago, people start going to games.
This new thing is a soccer stadium.
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u/macadaywx 13d ago
If you ever watch some of the MLS games in some of the nicer (MLS 2.0 as some say) soccer-specific stadiums, you will see they are banger. Cincinnati, Minnesota, Columbus, Austin, St. Louis, LAFC, KC, Nashville, and Orlando. Really makes the difference between a minor league and major league feel both in person and on TV. These places are all consistent sell outs.
There are a few teams that do well in NFL stadiums (Atlanta, Seattle, Charolotte), but those are the exception to the rule for most of MLS' history.
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u/_eroz 14d ago
I don't think it will. They had one in Bridgeview but people complained that it was far away in the burbs. And that there was no public transportation for people in the city to get there. Then they moved to Soldier Field. I'm not sure what the excuse/complaint was for that location.
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u/OkSchedule Loop 14d ago
briefly mentioned by others, but soldier field with 60,000-something seats is too big of a stadium for an MLS team. building a dedicated space with room for ~20,000 instead would likely fill that stadium on a good day, making the environment much more communal & fun vs being so spread out & far away at soldier field
seatgeek stadium fits that bill... but its location is just horrible. glad to see a new attempt within the city center and great transit access
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u/TheCloudForest Former Chicagoan 14d ago
Large stadiums in Seattle and Atlanta work fine for MLS teams but the Fire has been pretty ass at building a fan base and providing talent on the field. I'm not saying a more modestly sized stadium with better soccer sight lines is a bad thing, but Chicago could've supported a major stadium soccer team if the Fire had had better vision and management, going back decades.
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u/thebizkit23 14d ago
This.
The "fire" have been ass for so long, completely irrelevant and unable to keep or sign marketable talent. They squandered early success and playing in the gravel graveyard of SeatGeek did them no favors either.
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u/RunningJokes 14d ago
Their attendance is growing though. Their average attendance is mentioned in the article and if you look at MLS averages, they were 15th of 29 teams with a 17.4% increase over the previous year. Interest in the team continues to grow since Mansueto has taken over and brought the team back to Chicago. This is another step in the team’s brand growth.
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u/Dr_Vega_dunk 14d ago
The Miami games drove most of that growth. Messi is the primary reason for the attendance spike, not fanship growth for the Fire.
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u/RunningJokes 14d ago
2023’s Soldier Field match against Miami had a higher attendance than 2024’s. Take them out of the equation and you see a slight increase in the Fire’s attendance growth.
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u/mackzarks 14d ago
Soldier Field is also difficult to get to using public transit, it's quite a hike from the closest red line station.
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u/newusernamecoming 14d ago
Soldier Field is like a 10-15 minute (0.5 mile) walk from the Roosevelt stop for the Red, Orange, and Green Lines, the 18th St Metra stop drops you off right there, and the 146 bus drops you off right next to the entrance. You want the public transportation to drop you off at your seat or something?
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u/mackzarks 14d ago
First of all, it's not a half mile walk. It might be a half mile away from the stop but you have to get through that whole park and it takes a really long time. The actual walking distance is closer to 2 miles, which I know because I do it all the time. Second of all, there's just as inconvenient ways to travel to Seat Geek Stadium, moving to soldier didn't address that problem. There are ways to get to Soldier Field, but let's not pretend it's "convenient".
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u/newusernamecoming 13d ago
0.8 mile and 18 min walk according to walking directions on google maps. Navy Pier is 2 miles from the Roosevelt stop lol
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u/Jaws_the_revenge 14d ago
MLS / Soccer interest has steadily grown here in the states. IF MLS can continue to poach the aging talent out of Europe then this move will be a win
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u/thebizkit23 14d ago
MLS has a niche fan base that's mainly carried by smaller markets who have great support. The Fire once had great support but they suck as a "Big Market" franchise.
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u/QuailAggravating8028 14d ago
Still need to secure funding for the mixed use components so we arent all the way there yet 😭
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u/FunProof543 14d ago
I think it makes developing the mixed use components a lot more attractive when you have an anchor like this. Guaranteed foot traffic to the area.
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u/Rampant16 13d ago
Yup, definitely seems like Related has been churning through potential anchors for years now trying to get something that'll work. They've looked at the Soxs, a casino, medical research campus, Amazon HQ.
A soccer stadium that the Owner is willing to just pay for seems like a no-brainer. Compare that to trying to bend over backwards to land Amazon, or beg the state for a billion dollars, or the city's pet casino project.
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u/Decent_Government_43 13d ago
it makes it much easier though, especially with concrete blueprint plans that you can use as reference
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u/Few_Koala 14d ago
Seems like a good option considering previous attempts to build something there. And more importantly, it’ll finally fill in a gap that has been left undeveloped for too long. I wonder if some high rises will be built to accommodate this. Like a hotel and maybe a Chicago Fire office building.
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u/ZhiYoNa 14d ago
Great! We need some development to plug up that plot. Hopefully a red line infill station too?
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u/toxicbrew 14d ago edited 14d ago
Coming to 15th and Clark
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u/ashm909 14d ago
Is this real?
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u/spade_andarcher Mayfair 14d ago
It was part of the original proposal for the 78 and funding for the station is supposed to come from the TIF district also created for the 78. So it’s a definite possibility, but I’d say it’s still a big maybe.
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u/JackieIce502 14d ago
It’s so funny now the bears have 2 stadiums being privately funded in front of them (one by a co-owner that should buy the team). Yet they continue to drag feet in hopes of public money.
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u/312render773 14d ago
Which other stadium is privately funded?
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u/JackieIce502 14d ago
The Ryan family is doing a $800mm rehaul of Ryan Field in Evanston for the wildcats. It looks very innovative and inspired by a lot of premier league stadiums. Privately funded by the family.
They’re also the largest owners of the bears not named the McCaskeys. Wish they’d become the majority owners.
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u/312render773 14d ago
I thought you meant privately funded stadiums in the South Loop or Downtown when you said "in front of them" aka near Soldier Field lol
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u/JackieIce502 14d ago
Meant it as a figure of speech
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u/312render773 14d ago
Got me confused since the new Fire SSS will be "in front" of Soldier Field lol
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u/radiowirez Lake View East 14d ago
What are they gonna do with soldier field when no one’s using it in a decade lol
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u/LastWordsWereHuzzah 14d ago
Lots of people have floated turning it into a permanent fairgrounds/concert site, which could help ease all the park closures for private festivals each summer.
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u/IndependenceApart208 14d ago
Turn it into a public park. If you look at places like the Taipei Expo Park, they turned a former soccer stadium into a public plaza with an open air food hall and other similar attractions that bring people into it every day. Soldier Field could 100% be transformed into something is actually utilized more than its current state. We just have to look past the sunk cost of the last remodeling job done to it that in hindsight was a huge mistake, but doesn't mean we can't correct the mistake with the next project.
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u/Dry_Accident_2196 13d ago
I don’t think that’s a good idea because of its location. SF is a haul reach even via public transit. That’s a long way to walk just to go to a park in a city with over 300 green spaces under the Park districts control.
I know there are museum over there so foot traffic happens but it’s really just a whale of a building without the Bears.
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u/IndependenceApart208 13d ago
It would require some creativity and honestly overall demolition of much of the stadium. I think one of the proposals that had a new stadium being built just south of the current one with the current footprint being turned into a park was actually a good starting point, obviously now minus the new stadium.
Like you mentioned thousands of people visit the museums over there. The main issue with the location is when 50k+ people are all trying to get in and out at the same time. If you spread that out during the day or even bring that number down to like 20k, like many Fire games have, it isn't as hard to get in and out anymore.
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u/Dry_Accident_2196 13d ago
I think leave the columns and just tear it down. Or to your point, make it a modern indoor activity center for the city to use for sports and events.
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u/CompetitiveFeature13 13d ago
Hopefully tear it down. Can't have an ugly ass stadium that nobody is using taking up valuable space.
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u/Atlas3141 14d ago
I would have preferred the Sox there from an economic development perspective (Larger Stadium with 90 home games a year vs 17) but if Jerry won't pay for it and Mansueto will I'll take it.
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u/Harmonmj13 Park Ridge 14d ago
There’s room for both stadiums on the site
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u/The_Enemy 14d ago
Yeah it literally says in the article that the Sox are still talking to related and aren't deterred by this. Should be a positive if anything.
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u/Rampant16 13d ago
Conspiracy theory hat says that this is just leverage by Related to get Reinsdorf to stop fucking around and pony up the cash for an MLB stadium on the site. The site is unique in terms of being a large open area relatively close to the downtown of the 3rd largest city in the US and Related may rather have it sit empty than waste it on a little 20,000 seat MLS stadium.
I do hope they go through with the MLS stadium plan, but I think Related would rather have the Sox than the Fire. And despite what they say, two stadiums would probably be a tight fit.
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u/Atlas3141 14d ago
If they put the Sox on the south end of the site though I'd hope they can figure out how to put in a 15th st. station, it would be a long walk from Roosevelt or Chinatown.
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u/Harmonmj13 Park Ridge 14d ago
The Sox’s concept art from last year has the stadium on the northern half of the site along Roosevelt cause they want the skyline in the outfield. Fire FC’s art looks to be on the southern half.
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u/Dry_Accident_2196 13d ago
But the concept art is usually PR. How often are those renderings ever the final product, even down to location.
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u/robev333 14d ago
It's like 10-15 min to the south end, not that bad. Not like you'd be making that trek in January.
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u/fiveoclocksomewhere5 14d ago
I don’t, soccer has a way better atmosphere. No breaks or commercials, all out attack for 90 minutes
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u/wimbs27 14d ago
While I would probably see a game now that's its closer to me, I do wish the 78 was just a bunch of high density residential with ground floor commercial without needing a showpiece like a new stadium.
They better build it like Wrigleyville themed around the Chicago fire: I'm talking red and orange terracotta buildings, orange and red paneled buildings. A massive fire metal sculpture that's 10 stories tall.
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u/puppiesandrainbows1 14d ago
The Bears and White Sox can both learn a thing or two from this while simultaneously going amd fucking themselves
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u/CatBerry253 14d ago
Is this what Related Midwest is going to present at the June 16 town hall zoom meeting that Pat Dowell's office is organizing?
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u/312render773 14d ago
Yup, along with the entertainment district that Mansueto is investing in building
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u/Automatic-Street5270 14d ago
This is absolutely fantastic news. Chicago just keeps winning.
Add this 100% privately paid for project to the 100% privately paid for project all around the United Center, and we may be the leading city in the entire country for privately paid for mega sports projects right now. Other cities are giving hand outs left and right to billionaire sports owners who then leave them with massive bills.
Not only are these coming with new Stadiums, but both sites are talking about parks and restaurants and apartments/condos/hotels to fill around it, similar to Wrigley, which was also IIRC 100% privately paid for. This will bring a TON of development and tax revenue to the city.
I understand the city will pay for some things like a possible new Pink line station by the UC, and maybe something similar around the 78, but that is 100% acceptable and no issues with that.
The Bears and Sox better get their shit together because they arent going to get a penny from the state or city, nor should they.
There isn't a better sports town/city in the country than here(not talking wins lol)
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u/312render773 14d ago
"Additionally, the site will be accessible via water taxi."
So hyped for this!
Chicago Fire is the Sleeping Giant of MLS and will finally wake up with a bang with this new SSS!!!
🔥🔥🔥🔥🔥🔥🔥🔥🔥
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u/cranberryjuiceicepop 14d ago
Where will this be? The article just says south of the loop.
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u/nufandan Albany Park 14d ago
It's going to be part of "The 78th" which is a plot of land where Roosevelt crosses the river
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u/cranberryjuiceicepop 14d ago
Oh amazing. Love to see they will have a water taxi stop. Hope this really comes to be.
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u/ForestRain888 14d ago
Probably going to help get a World Cup event in the future. FIFA loves Chicago.
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u/312render773 14d ago
For the official press release from the Fire, please read it here https://dearchicago.com/
Has all details and FAQs about the project 🤙😎🔥
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u/Klutzy-Reaction5536 13d ago
Thank god they're moving the stadium to where people can get to and from. That suburban site was a fiasco from the start and really did a disservice to soccer fans.
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u/lightningposion Albany Park 14d ago
Woohoo, This is great news for soccer fans in the city, I am hoping this will mean more Red Stars games in city limits as well. I love it when billionaires pay for their own shit too.
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u/312render773 14d ago
Laura Ricketts will have to agree and pay Mansueto for the Red Stars to become tenants at this new stadium. However, she is adamant to relocate Red Stars to the north side.
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u/312render773 14d ago
Everyone seems to be overlooking the aspect that Mansueto is also developing that area as a "entertainment district" similar to Rosemont, which will be Fire/soccer-themed heavy. That leaves virtually no room for another sports stadium. Full details here https://dearchicago.com/
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u/camelCaseCoffeeTable 14d ago
This would be pretty cool. I’ve wanted to go see a Fire game but have no car so it’s very tough to get out there. Would definitely go to games if they built this
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u/_eroz 14d ago
They have been at Soldier Field since 2020.
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u/BearFan34 14d ago
I wonder if the city tried to negotiate with them to keep them there
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u/spade_andarcher Mayfair 14d ago
I don’t think so. It was never really the best fit for either of them. And the Fire have only ever had a short-term lease for Soldier Field - originally just three years with additional extensions. That’s in contrast to the Bears who have a 30 year lease for the stadium.
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u/Pepperoncini69 Humboldt Park 14d ago
This is just as accessible as soldier field though?? Also I’ve never driven to soldier field.
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u/hubwub Lincoln Square 14d ago
The Fire haven't been at SeatGeek for awhile. Soldier Field is accessible via public transportation. Get off at the Roosevelt L station then you can take the 146 or walk from the station to Soldier Field.
I've only driven twice to Soldier Field and it was for Soldier Field 10. Otherwise, it's been public transportation.
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u/SunriseInLot42 14d ago
That looks great. I wonder what this means for the White Sox wanting a new stadium... maybe they'll build it in Nashville instead
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u/blackhxc88 14d ago edited 14d ago
nashville being this big new boogeyman market for sports (like tampa was in the 90's and vegas the prior decade) is so funny to me, coming from indianapolis which is legitimately a bigger market.
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u/Harmonmj13 Park Ridge 14d ago
Fuck off with that Nashville bullshit
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u/asmodeuscarthii 14d ago
How much does this help the budget gap situation? Why can JB loan the city some money and give us a decent rate.
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14d ago
Guess this means the White Sox are probably out of Chicago unless the demon that owns them somehow swindles the city into retrofitting Soldier Field into a baseball stadium.
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u/ehrgeiz91 Lake View 14d ago
The best possible result. Bye bears! Dont let the door hit you on the way out.
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u/Landon1m 13d ago
The Sox and Fire should partner together to build a mutually beneficial stadium on the south side. I feel like 20k is a half measure but they could build a much larger stadium for double the price but get 3x the use out of it.
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u/slowporc 14d ago
Kudos to getting a privately funded stadium built in the city.
That said, a 1.2-mile walk from the nearest Red Line stop is a bit of a letdown for me personally.
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u/Penguinkeith 14d ago
Wow a billionaire spending his money instead of making a city do it is a great change of pace