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DePaul post game thread
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[QUOTE="husky8273, post: 4180058, member: 639"] Hartford's never coming up with similar funding to replace XL: Upon announcement, [URL='https://en.wikipedia.org/wiki/ESPN']ESPN[/URL] reported the expected cost of the 10,000-seat arena, located on Cermak Road between Indiana and Prairie Avenue, across the street from [URL='https://en.wikipedia.org/wiki/McCormick_Place']McCormick Place[/URL] was $173 million.[URL='https://en.wikipedia.org/wiki/Wintrust_Arena#cite_note-CrDap-8'][8][/URL] 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).[URL='https://en.wikipedia.org/wiki/Wintrust_Arena#cite_note-CrDap-8'][8][/URL] It was built to host concerts, conventions and other events in addition to DePaul Basketball games.[URL='https://en.wikipedia.org/wiki/Wintrust_Arena#cite_note-12'][12][/URL] As the building approached completion, its capacity was announced as 10,387 seats for basketball.[URL='https://en.wikipedia.org/wiki/Wintrust_Arena#cite_note-SwpnsanWAiSL-2'][2][/URL] [HEADING=1]Funding[/HEADING] 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.[URL='https://en.wikipedia.org/wiki/Wintrust_Arena#cite_note-13'][13][/URL] When the [URL='https://en.wikipedia.org/wiki/Chicago_City_Council']Chicago City Council[/URL] approved funding on July 24, 2013, the [I][URL='https://en.wikipedia.org/wiki/Chicago_Reader']Chicago Reader[/URL][/I] 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 [URL='https://en.wikipedia.org/wiki/Chicago_Public_Schools']Chicago Public Schools[/URL].[URL='https://en.wikipedia.org/wiki/Wintrust_Arena#cite_note-14'][14][/URL][URL='https://en.wikipedia.org/wiki/Wintrust_Arena#cite_note-15'][15][/URL] The [I][URL='https://en.wikipedia.org/wiki/Chicago_Tribune']Chicago Tribune[/URL][/I] revealed that the land for the project had not yet been acquired four days after the City Hall funding vote.[URL='https://en.wikipedia.org/wiki/Wintrust_Arena#cite_note-16'][16][/URL] [/QUOTE]
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