Chicago Fire to break ground on stadium at The 78 site in South Loop

It's "game on" for a major development along the Chicago River near Roosevelt Road.

Groundbreaking is Tuesday for the Chicago Fire's new stadium.

The $750 million privately-funded stadium is the first new major stadium development in the city in decades.

In addition to a new stadium, businesses, parks and new apartments are also part of plans for The 78. Developers expect the project to create up to 15,000 jobs.

Some people who live around The 78,however, are concerned about gentrification in nearby neighborhoods.

They launched the Community Benefits Agreement, calling for a list of protections as the project begins. They want the agreement to include affordable housing protections, local job commitments, transportation planning and environmental safeguards.

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"The message is very clear.," Sarah Tang, Coalition for a Better Chinese-American Community, said. "The 78 is not for everyday Chicagoans. It's for rich people, a playground for developers to bring up their yachts to see a soccer game."

The developers said there were several community meetings about stadium development plans and believe the project will benefit surrounding communities.

Organizers project $8 billion in economic impact with the full site buildout, significant job creation, and an increase in visitors and economic activity in the South Loop.

The new stadium is expected to seat over 22,000 people and open by 2028, ahead of the MLS season.