The owners of Chicago’s United Center are seeking nearly $55 million in long-term property tax breaks on a planned $7 billion development around the Near West Side sports arena, one of several real estate projects involving professional teams that could redraw sections of the nation’s third-largest city in the years to come.
United Center owners seek $55 million tax break on development around Chicago arena
City incentive would reduce burden for initial phase of planned $7 billion project
By Ryan Ori
CoStar NewsMarch 23, 2026 | 7:46 P.M.
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IN THIS ARTICLE
- Properties
- United Center
1901 Madison St, Chicago, IL
- Companies
- United Center Joint Venture
Services