United Center Joint Venture owners Jerry Reinsdorf and Rocky Wirtz plan to construct a 190,000-square-foot office building adjacent to the United Center, reports Crain’s Chicago Business.
The facility is slated to break ground this spring with a projected opening in fall 2016.
The addition will include a 10,000-square-foot Bulls and Blackhawks retail store.
According to the news report, the owners of the Chicago Bulls and Chicago Blackhawks won’t receive an extension on a property tax cap they’ve enjoyed since the UC opened in 1994.