Hartford's never coming up with similar funding to replace XL:
Upon announcement,
ESPN reported the expected cost of the 10,000-seat arena, located on Cermak Road between Indiana and Prairie Avenue, across the street from
McCormick Place was $173 million.
[8] The funding came from three sources: $70 million from the university, $70 million from a McPier bond fund and $33 million from public taxes (e.e., $103 million from public funds).
[8] It was built to host concerts, conventions and other events in addition to DePaul Basketball games.
[12] As the building approached completion, its capacity was announced as 10,387 seats for basketball.
[2]
Funding
The decision for public participation in the funding of DePaul's athletic facility was controversial because it was announced 6 days prior to the Board of Education's decision to close 50 public schools due to a $1 billion deficit.
[13] When the
Chicago City Council approved funding on July 24, 2013, the
Chicago Reader reported the vote as though money was taken from the schools and spent on the arena because the spending plan included $68 million in budget cuts for the
Chicago Public Schools.
[14][15] The
Chicago Tribune revealed that the land for the project had not yet been acquired four days after the City Hall funding vote.
[16]