Wintrust Business Minute: UChicago Medicine to build cancer hospital with AbbVie donation

Wintrust Business Lunch

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

A $75 million donation from the AbbVie Foundation will help University of Chicago Medicine build its new cancer hospital on Chicago’s south side. The new building will be called the AbbVie Foundation Center Cancer Pavilion and has a completion date in 2027. The freestanding facility will include 575,000 square feet of space with an estimated cost of $815 million. UChicago Medcine says the facility will give south side residents better access to cancer care. It’ll also attract patients from across the region. Experts say cancer death rates on the south side are nearly double the national average. It’s a leading cause of deaths in several neighborhoods, including Kenwood, South Deering and Woodlawn. The AbbVie Foundation is a nonprofit organization that aims to advance health equity.

Also, the food hall trend may be losing popularity even outside of downtown Chicago. Listen for more below:

https://serve.castfire.com/audio/7016367/7016367_2024-10-31-202407.64kmono.mp3

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