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HomeBank CapitalGov. Pritzker Joins Blackhawks And Rockford Officials To Announce $23 Million BMO

Gov. Pritzker Joins Blackhawks And Rockford Officials To Announce $23 Million BMO

Rockford, IL -(Effingham Radio)- Blackhawks Announce Purchase of Rockford IceHogs; Team to Remain in Rockford Through 2036

 

Governor JB Pritzker today joined the Chicago Blackhawks, the City of Rockford, and the Rockford Area Venues and Entertainment Authority (RAVE) and the Illinois Department of Commerce and Economic Opportunity (DCEO) in announcing a $23 million multi-year capital project to revitalize the BMO Harris Bank Center – Rockford’s largest sports arena and entertainment venue. With support from state, local and private sector partners, the project will spur regional economic development and lay the groundwork for the acquisition of Rockford-based professional hockey team, the Rockford IceHogs, by the NHL’s Chicago Blackhawks.

The City of Rockford, RAVE, the State of Illinois, and the Chicago Blackhawks are partnering to invest in building improvements to the BMO Harris Bank Center, home of the IceHogs. Fueled in part by Governor Pritzker’s bipartisan Rebuild Illinois $45 billion capital plan, the project will modernize Rockford’s largest destination asset, creating over 250 construction jobs, retaining hundreds of existing full-time positions, and generating millions in economic activity to the region.

“Not only will this $13 million investment create over 250 construction jobs, retain hundreds of existing positions at the arena, and generate tens of millions in economic activity for the region – but we’re also opening the door for the Chicago Blackhawks to formally purchase their AHL affiliate, securing the IceHog’s long-term presence in Rockford,” said Governor JB Pritzker. “By leveraging our historic Rebuild Illinois capital plan, we have scored a winning combination for Illinois, for Rockford, for the Chicago Blackhawks, and for the Rockford IceHogs – and just as importantly, for all the fans who are excited to come back to the BMO to cheer on the hometown team.”

“The Rockford IceHogs have played a critical role in our franchise’s success, and today, the IceHogs officially become a part of the Chicago Blackhawks family,” said Blackhawks Chairman W. Rockwell “Rocky” Wirtz and CEO Danny Wirtz. “Not only is this an exciting opportunity from a hockey perspective, but in partnership with the City of Rockford and the State of Illinois, we are reinvesting in Illinois to generate positive economic as well as philanthropic impact through our Chicago Blackhawks Foundation, further solidifying the team’s standing in the community.”

The Illinois Department of Commerce and Economic Opportunity (DCEO) will provide $13 million in Rebuild Illinois grant funding, acting as the foundation for an overall $23 million in capital improvements to the 40-year-old facility. Another $10 million includes short and long-term capital from RAVE and the City of Rockford, enabling savings from the sale of the team and other financing sources to make upgrades to the BMO Harris Bank Center.

The investment will…

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