More than two years after the project was officially announced, ground will finally be broken on the McCormick Place Events Center, otherwise known as the DePaul Arena, Monday.
There will be a groundbreaking ceremony at 9 a.m. attended by DePaul University president Rev. Dennis Holtschneider, Metropoliton Pier and Exposition Authority (MPEA) CEO Lori Healy, MPEA chairman Jack Greenburg, MPEA Vice Chair Robert Reiter, and Chicago 3rd Ward Alderman Pat Dowell.[box]Read: City of Chicago breaks ground on new arena[/box]
Originally scheduled to open for the 2016-17 season, delays have pushed the debut of the arena back to the 2017-18 season. It will seat 10,000 and will serve as the home court for DePaul men’s basketball and select women’s basketball games. It is projected to cost $164 million altogether with $82.5 million coming from DePaul.