Mayor Rahm Emanuel Secures Private and Public Funding for a Mega-Recreation Facility at Addams Park
June 15 2017 - 12:45PM
Business Wire
Exelon Corporation, sister agencies and private
donors provide $25 million in funding for 100,000 square foot
recreational facility in Chicago’s Near West Side community
Mayor Rahm Emanuel, Chicago Park District leadership and Exelon
President and Chief Executive Officer Chris Crane announced today
$25 million in diversified funding to provide for the construction
of the indoor athletic facility and adjacent outdoor field
improvements at Addams Park. The park is located at 1301 W. 14th
St., near Chicago’s Pilsen, University Village and Little Italy
neighborhoods.
“The new facility and outdoor improvements at Addams Park will
provide Near West Side residents with a community anchor for
recreation and leisure,” said Mayor Rahm Emanuel. “Significant
investments across the public, private and non-profit sectors
enable us to build on Burnham’s vision for the City of Chicago and
provide our communities with invaluable resources to enjoy.”
The new 100,000 square foot multi-purpose indoor facility, named
the Exelon Student Recreation Center, will house an indoor track,
artificial turf field, basketball courts and several multi-purpose
community rooms. The facility will support a broad range of
activities and events, including athletic league programs and
regional competitive events for community youth and young
adults.
Outdoor improvements will also be made on the existing 9.24-acre
Addams Park. Investments include the addition of a natural turf
baseball field; an artificial turf combination field for baseball,
football, lacrosse and soccer; and a walking path around the
park.
“The Chicago Park District is grateful to have public and
private support from those who advocate and understand that our
neighborhood parks are pillars of communities across Chicago,” said
Chicago Park District Superintendent & CEO Michael P. Kelly.
“The investments to Addams Park will improve the physical and
mental health of the residents that it serves.”
The cost of the Addams Recreation Center construction project
includes $20 million for the building, and $5 million for field
improvements, parking, walking paths, landscape and lighting.
Contributions from the City of Chicago, the Chicago Park District
and the Chicago Housing Authority, as well a generous $5 million
donation from The Inner City Education and Recreation Foundation
and a generous $3 million donation from Exelon will bring the
project to fruition by December 2019.
“Service to our community is a core value at Exelon – and that
goes beyond delivering the power that supports our economy and
drives our everyday life,” said Exelon President and CEO Chris
Crane. “We are committed to working with Mayor Emanuel and the
Chicago Park District on developments like these at Addams Park
that establish safe spaces in the community.”
The park is expected to serve an estimated 7,500 new residents
moving into the adjacent 120-acre mixed-income Roosevelt Square
development. Recent investments at Roosevelt Square include the
development of a new library branch expected to open in winter
2018. The joint effort with Chicago Public Library and Chicago
Housing Authority will include both a library and mixed-income
housing with a total of 40 to 50 units.
Park investments are a key component in Building on Burnham, the
Mayor's comprehensive plan to invest in the Lakefront, the Chicago
River, natural areas and recreational opportunities in
neighborhoods across the city. This plan follows the Mayor’s
successful expansion of Chicago’s park system in his first mayoral
term, which has already added 750 acres of new parkland, 327 new
playgrounds and more than $800 million in capital investment from
neighborhoods and private sources.
Fortune recently named Exelon to its 2017 list of the World’s
Most Admired Companies, which, in part, recognized the company for
social responsibility initiatives such as charitable giving to
organizations like the Chicago Park District and the Chicago Public
Library. Last year, Exelon employees contributed more than 170,000
hours of community service, and Exelon companies and the Exelon
Foundation donated more than $46 million to nonprofits – the
largest amount ever for the company.
For more information on Exelon’s commitment to the areas where
its employees live, work and serve, visit
www.exeloncorp.com/community.
About the Chicago Park District
The Chicago Park District is home to more than 8,700 acres of
parkland, more than 600 parks, 26 miles of lakefront, 12 museums,
two world-class conservatories, 16 historic lagoons, nearly 50
nature areas, thousands of special events, sports and entertaining
programs. CPD is the 2014 Gold Medal Award winner, recognized for
excellence in park and recreation management across the nation.
About Exelon
Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company
with the largest number of utility customers in the U.S. Exelon
does business in 48 states, the District of Columbia and Canada and
had 2016 revenue of $31.4 billion. Exelon’s six utilities deliver
electricity and natural gas to approximately 10 million customers
in Delaware, the District of Columbia, Illinois, Maryland, New
Jersey and Pennsylvania through its Atlantic City Electric, BGE,
ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one
of the largest competitive U.S. power generators, with more than
33,300 megawatts of nuclear, gas, wind, solar and hydroelectric
generating capacity comprising one of the nation’s cleanest and
lowest-cost power generation fleets. The company’s Constellation
business unit provides energy products and services to
approximately 2.2 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100.
Follow Exelon on Twitter @Exelon.
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Robin LevyExelon Corporate
Communications202-637-0317robin.levy@exeloncorp.com
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