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Old Posted Nov 23, 2017, 3:58 PM
Investing In Chicago Investing In Chicago is offline
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Quote:
Originally Posted by LouisVanDerWright View Post


No, Wintrust doesn't have a "shaky business case". It's got an anchor tenant in DePaul and is already booking huge acts including Bob Dylan. Why? Because it's designed for multiple functions and fills a gap in venue capacity in Chicago. There is no other indoors 7-10k capacity venue here. You have United Center at 20k and then Aragon and Auditorium both at 4k capacity. Congress used to have 5500 capacity which could come close to competing with a 7k act due to it's excellent location and atmosphere, but they got shut down.

A venue like Wintrust can rent for six figures to the right promoter for the right show. That's for a single night.
I agree with you, just pointing out that with a capacity of ~7,500 the UIC Pavilion can serve this need as well.
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