News Article: Hawks purchase land next to 5/3rd Bank practice facility to expand it.

[Malagahawks]

Not sure if newsworthy but maybe the local peeps can elaborate if this is a big deal.

Click to read more...

 

[Kevin Musto]

The Bedard Effect™

 

[DisgruntledHawkFan]

Not sure if newsworthy but maybe the local peeps can elaborate if this is a big deal.

If it's the lot off of Damen it's legitimately an empty lot. And it's not the kinda place you're turning into Wrigley west.

 

[Malagahawks]

If it's the lot off of Damen it's legitimately an empty lot. And it's not the kinda place you're turning into Wrigley west.

I guess it begs the question of why would they invest 65M in a dump?

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[Pez68]

It's right next to their current facility. Literally. Like, two blocks from the United Center, as well.

Interesting that this is just making headlines. I've known about it for months.

 

[Drumman44]

The Bedard Effect™

Bedard may not be accelerating the rebuild on the ice (per Davidson) but he’s certainly done wonders for the business side off the ice already

 

[Pez68]

This was well on it's way before the Hawks won the lottery and Bedard. It has absolutely nothing to do with him. I first heard about it in January, and I was told it was finalized a couple months ago now. It's been in the works for a year...

 

[Kevin Musto]

This was well on it's way before the Hawks won the lottery and Bedard. It has absolutely nothing to do with him. I first heard about it in January, and I was told it was finalized a couple months ago now. It's been in the works for a year...

You're assuming Gary hadn't rigged the lotto well ahead of time

 

[DisgruntledHawkFan]

Sixty five million dollars ain't what it used to be. That's not some insane dollar amount.

 

[Malaka]

Sixty five million dollars ain't what it used to be. That's not some insane dollar amount.

Might afford renting a 2 bed in west town with that kind of money

 

[pvr]

I guess it begs the question of why would they invest 65M in a dump?

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The land is probably cheap, apparently located adjacent to their current practice facility, and the money is going into expanding the practice facility. World class practice and training facility can be another selling feature for future players.

 

[DisgruntledHawkFan]

This is easily the best news regarding Rocky since he correctly went radio silent I can imagine. Shut up and sign the checks.

 

[Ace Rothstein]

Sixty five million dollars ain't what it used to be. That's not some insane dollar amount.

Just sounds crazy considering the UC cost $175m to build. Granted that was 30 years ago but still.

 

[Pez68]

The land is probably cheap, apparently located adjacent to their current practice facility, and the money is going into expanding the practice facility. World class practice and training facility can be another selling feature for future players.

The $65 million is almost entirely the purchase price from the city. It was owned by Malcolm X college. Aka, the city of Chicago. The delay on this, from what I heard, was Lightfoot wanting way, way more money than initially agreed upon, for an empty f***ing lot. Lightfoot was also the one that was trying to buy Johnny's Icehouse West and put up some kind of Comed facility. You would think that woman hated hockey...

Anyways, can't wait for another sheet there. Maybe we won't get so many 11:00 game times.

 

[DisgruntledHawkFan]

The $65 million is almost entirely the purchase price from the city. It was owned by Malcolm X college. Aka, the city of Chicago. The delay on this, from what I heard, was Lightfoot wanting way, way more money than initially agreed upon, for an empty f***ing lot. Lightfoot was also the one that was trying to buy Johnny's Icehouse West and put up some kind of Comed facility. You would think that woman hated hockey...

Anyways, can't wait for another sheet there. Maybe we won't get so many 11:00 game times.

The land is worth a decent amount if they just turned the lot into a parking lot. No idea about the rest of it.