Since announcing their partnership with the Metropolitan Pier and Exposition Authority (known colloquially as “McPier” for its management of Navy Pier and the McCormick Place), DePaul has said that its stadium would more or less pay for itself.
And as construction hums and deadlines loom, DePaul is prepared to write a lump sum check for $82.5 million by the beginning of next month.
Over the last three years, DePaul and McPier have worked closely behind the scenes with the intention of a fall 2017 opening. While McPier has been funding the project since July 2013 according to documents obtained through the Freedom of Information Act, DePaul’s contribution — half the cost of construction — is due by June 1 of this year.