With all the lip service paid to public education by Chicago Mayor Rahm Emanuel, he has not been willing to put his money where his mouth is. Instead of investing in a school system still reeling from a teachers’ strike last fall, he has announced plans for the city to fund a new 12,000-seat basketball arena for DePaul University — a private school.
Under the plan, the facility will be built with $125 million in public funds, including about $55 million in tax-increment financing and $70 million in hotel and transportation taxes. The facility will be built near McCormick Place.
“Our biggest concern is killing the neighborhood with a venue that sits vacant for most of its useful life and, the only time it is used, it’ll be largely for an alcohol-focused sporting venue that will bring unwanted rowdiness, security and parking issues,” Tina Feldstein, president of the Prairie District Neighborhood Alliance, told the Chicago Sun-Times. “There are 18 DePaul home games. Let’s add in other convention events. Add Rush Arena football. You could add and add and add and you’re still going to end up with a massive facility that will sit vacant for most of its useful life and not add any value economically.”
(George E. Curry, former editor-in-chief of Emerge magazine, is editor-in-chief of the NNPA. He is a keynote speaker, moderator, and media coach. Curry can be reached through his Web site, http://www.georgecurry.com. You can also follow him at http://www.twitter.com/currygeorge and George E. Curry Fan Page on Facebook.)
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