By - Associated Press - Friday, January 23, 2015

CHICAGO (AP) - Officials in Chicago have announced the construction of a new office building for the Bulls and Blackhawks near the United Center.

The planned 190,000-square-foot facility would house a retail store, along with offices. Officials said Thursday that the facility would create up to 300 jobs and be privately funded.

Chicago Mayor Rahm Emanuel and chairmen for the Bulls and Blackhawks announced the facility on Thursday. Construction of the new facility could also move the iconic Michael Jordan statue indoors. Drawings of the proposed building show the statue inside the atrium lobby.

Crews will break ground on the project in the spring. Its slated for completion in 2016.

The proposal detailed Thursday is smaller than United Center owners first proposed in 2012.

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Officials to build new office near Chicago's United Center

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