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79-845: The United Center is an indoor arena on the Near West Side of Chicago, Illinois . It is home to the Chicago Bulls of the National Basketball Association (NBA) and the Chicago Blackhawks of the National Hockey League (NHL). It is named for its corporate sponsor United Airlines . With a capacity of nearly 21,000, the United Center is the largest arena by capacity in the NBA, and second largest arena by capacity in

158-456: A Nintendo Wii , a pool table , three bars, a buffet , and multiple televisions. Another change was the addition of two bars on the 300 level with open views to the arena bowl. In time for the 2009–10 season of its sports tenants, the United Center's 300 level saw its concourse renovated with the addition of 144 flat screen televisions, new food and beverage stations above select seating sections and two new bars that open up to panoramic views of

237-662: A 46-acre (19 ha) parcel, west of the Chicago Loop . The arena is the largest in the United States in size, though not in capacity. Its exterior bears a striking resemblance to that of Chicago Stadium . It seats 19,717 for hockey, 20,917 for basketball and up to 23,500 for concerts . The United Center hosts over 200 events per year and has drawn over 20 million visitors since its opening. Attendance routinely exceeds seating capacity for Bulls and Blackhawks games. The Bulls opened their practice facility, The Advocate Center, located

316-775: A 7.2% level (it was reached in October 1999). For instance, in Montreal ( Quebec ) unemployment affected 16.7% of the active population by December 1992 while the number of households relying on welfare increased from 88,000 to 102,000 between April 1990 and December 1992. The early 1990s recession was notable for being substantially more negative for employment in Ontario than the early 1980s recession; Ontario's percentage of total age 15-64 population employed began to decline early in 1989 and only began to grow again early in 1994, five years of decline with an 8.2 percentage point drop. By contrast, in

395-436: A block east of the United Center, in 2014. Advocate Health Care owns the naming rights to the facility. The Blackhawks opened their practice facility, Fifth Third Arena (formerly MB Ice Arena prior to 2019), located two blocks to the south of the United Center, in 2017. The original construction of the arena cost $ 175 million. The United Center's acoustics were designed to amplify noise to replicate "The Roar" –

474-403: A facility is typically called a stadium . The use of one term over the other has mostly to do with the type of event. Football (be it association , rugby , gridiron , Australian rules , or Gaelic ) is typically played in a stadium, while basketball , volleyball , handball , and ice hockey are typically played in an arena, although many of the larger arenas hold more spectators than do

553-661: A landslide to the National Party , who continued with Douglas' reforms. François Mitterrand was elected to a second term on 8 May 1988 and his political party, the Socialist Party , and its allies won a very narrow majority in the National Assembly the next month. Weakened by the recession and corruption scandals, the Socialist Party suffered severe defeats in the 1992 local elections ( regional and cantonal ) and

632-407: A location, often with the specific intent of comparing an idea to a sporting event. Such examples of these would be terms such as "the arena of war", "the arena of love" or "the political arena". Early 1990s recession Primary factors believed to have led to the recession include the following: restrictive monetary policy enacted by central banks , primarily in response to inflation concerns,

711-411: A marble plaque commemorating Chicago Stadium. In October 2020, the statue was vandalized in protest of the team's use of Native American iconography as a logo and was temporarily removed for repairs. Blackhawks legends Bobby Hull and Stan Mikita received bronze statues in their honor outside of the United Center during the 2011–12 NHL season . In 2011, a bronze bust of Bulls great Scottie Pippen

790-434: A problem. France, just as the rest of continental Europe, entered recession later compared to economies of anglophone countries. The economic climate started to worsen in late 1989 (first in industry) in several phases: The recession officially starts at the end of 1992 and beginning of the 1993. It is a brief but important recession: GDP drops 0.5% in the last quarter of 1992 and 0.9% in the first quarter of 1993. The drop

869-493: A year or longer. The early 1990s recession in Canada is classified as a Category 4 recession, the same category as the early 1980s recession. Notably, the early 1990s recession did not have as deep a contraction as the early 1980s recession, but was of longer duration as it had four years of less than 2.3% growth in real GDP (1989–92), while the early 1980s recession only had two years of less than 2.3% growth (1980 and 1982), and only

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948-450: A year. The center has also hosted the 1996 , and the 2024 Democratic National Convention . The arena served as the municipal emergency hub in the early days of the COVID-19 pandemic . The arena is home to a statue of basketball great Michael Jordan, posed mid-air in his iconic 'flying' jump, erected in 1994. Originally outside, it now stands inside an atrium extension and event space which

1027-420: Is also affected by the recession with a 3.9% decrease in volume of output. All the composants of GDP were depressed in 1993: The weak economic climate resulted in significant increase in unemployment and public deficits. Reduced activity levels had a direct impact on public finances: social benefits grew 6.8% in 1993 whereas tax revenues only increased 2.4% despite increases in tax rates and charges throughout

1106-476: Is also the sport of indoor American football (one variant of which is explicitly known as arena football), a variant of the outdoor game that is designed for the usual smaller playing surface of most arenas; variants of other traditionally outdoor sports, including box lacrosse as well as futsal and indoor soccer , also exist. The term "arena" is also used loosely to refer to any event or type of event which either literally or metaphorically takes place in such

1185-422: Is amplified by weak exports figures as most of France's trading partners also entered recession at the end of 1992. On a yearly basis, GDP growth was limited to 1.5% in 1992 and –0.9% in 1993, the first negative figure since 1975. Industry is vastly affected by the recession: output dropped 5.3% in volume in 1993 with a catastrophic first semester and a very limited recovery in the second. The construction industry

1264-505: The 1993 legislative elections (winning only 53 seats out of 577, its worst turnout until 2017) where the RPR - UDF right-wing coalition were returned to power with a massive majority of 449 seats out of 577. In the United States during the recession more people chose to shop at discount stores . This caused Kmart and Walmart (which became the country's largest retailer in 1989) to outsell

1343-741: The Champions Classic (in 2013, 2015, 2017 and 2023), the Roundball Classic , and the Great Eight Classic. The United Center was also the site of the known then as the World Wrestling Federation pay-per-view SummerSlam in 1994—the first major event held inside the building, and also the only major event held in the building, now known as the WWE , as they have traditionally held their Chicago events at Allstate Arena . It also hosted

1422-404: The "@ChicagoBulls" text on the north apron of the court. In March 2017, the United Center opened a new 190,000 square foot privately-funded "atrium" addition. The addition featured office space on its second, third, and fourth floors and a gathering place on its first floor which is open to fans and visitors before, during, and after events. The statue of Michael Jordan which formerly sat outside

1501-484: The 1980s, in particular removal of bank borrowing controls and liberation of foreign borrowing, combined with strong currency and a fixed exchange rate policy led to a foreign debt financed boom. Bank borrowing increased at its peak over 100% a year and asset prices skyrocketed. The collapse of the Soviet Union in 1991 led to a 70% drop in trade with Russia and eventually Finland was forced to devaluate , which increased

1580-527: The 1991 introduction of the Goods and Services Tax (GST). He resigned as prime minister and party leader in 1993, and the Progressive Conservatives collapsed in the election held later that year , winning only two seats. In Australia, Paul Keating (then Treasurer of Australia , and future Prime Minister) referred to it as "the recession that Australia had to have". This quote became a cornerstone of

1659-693: The 1996 and 1997 series in the sixth game at home, but won the 1998 series at the Delta Center in Salt Lake City, Utah . In 2020, it hosted the NBA All-Star Game . The arena has hosted the Stanley Cup Finals three times: in 2010 , 2013 , and 2015 . The Blackhawks clinched two Stanley Cups on the ice of their opponent in the sixth game of the series ( Philadelphia 's Wachovia Center in 2010 and Boston 's TD Garden in 2013). The Blackhawks won

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1738-898: The 2015 Finals against the Tampa Bay Lightning at home in the sixth game, the first time since 1938 the Hawks clinched the Cup in Chicago. In 2017 it also hosted the 2017 NCAA Division I Frozen Four April 6–8, marking the only Frozen Four in history to be hosted in Chicago let alone the state of Illinois . Both the 2017–18 and 2018–19 seasons saw the United Center hosting the University of Wisconsin Badgers and Notre Dame Fighting Irish rivalry game. The Illinois State High School Hockey Championships are hosted at

1817-510: The 4% range between 1984 and 1988, but began to rise again in 1989, averaging 5.0% that year. Gordon Thiesen, asserted in 2001 when he was the Bank of Canada governor, that inflationary pressures in Canada were partly fueled by Canadians having had a greater "inflation psychology" than Americans, that is a higher propensity to spend now in the belief the price for the same product will be substantially higher in short period of time. To reduce inflation,

1896-653: The Bank of Canada and the Department of Finance announced their monetary policy would be governed by formal inflation targets, with a target of 3% for 1992. Inflation was contained to 4.8% in 1990, 5.6% in 1991 and then decreased to 1.5% in 1992 and 1.9 in 1993, well below the target of 3%. This suggests the Bank of Canada's restrictive monetary policy overshot its target, suppressing GDP and employment growth in 1992 and 1993 in what would normally have been an economic recovery period. In fact, complex macro-economic modelling undertaken estimates that "excessive monetary restraint" of

1975-518: The Bank of Canada raised its prime rate from 10% in 1986 and 1987, to 12.25% at the start of 1989, peaking at 14.75% in June 1990, thereby prompting Canadians to reduce spending, reduce borrowing and begin saving sooner and more greatly than Americans. Particularly hard hit were Canada's real estate markets, the building industry, especially factory construction, and consumer confidence. Then in February 1991,

2054-509: The Bank of Canada reduced real GDP growth by 1.5 percentage points in 1990, 2.9 percentage points in 1991 and 4.0 percentage points in 1993. Another cause of Canada's recession were several tax increases instituted by the federal government between 1989 and 1991. These increases related to sales, excise and payroll taxes were modelled to have reduced real GDP growth by 1.6, 2.4 and 5.1 percentage points, respectively, in 1990, 1991 and 1992, although if these tax increases had not been implemented

2133-764: The Block , Guns N' Roses , Prince , Beyoncé , Adele , The Smashing Pumpkins , Radiohead , Taylor Swift , Madonna , U2 , Rolling Stones , Tina Turner , Van Halen , Iron Maiden , Aerosmith , KISS , Bon Jovi , Barbra Streisand , Billie Eilish , Bruce Springsteen , Paul McCartney , Janet Jackson , Blackpink , Celine Dion , Coldplay , BTS , Stray Kids , The Who , Pearl Jam , Green Day , blink-182 , Jay-Z , Mary J. Blige , Nicki Minaj , Ariana Grande , Lady Gaga , Muse , The Killers , Rod Wave , Megan thee Stallion , Dua Lipa and Sabrina Carpenter have all had sold-out shows for their concerts in this arena, as well as Dave Matthews Band , who released its 1998 show at

2212-541: The Bulls and Blackhawks have a tradition of taking a two-week road trip when the circus is in town. After Ringling left Chicago for one final time in November 2016, the Bulls and Blackhawks allowed Ringling's sister production Disney on Ice to perform its last two-week show in February 2017, before being condensed to a one-week period effective February 2018. On May 17, 2011, Oprah The Farewell Season: Oprah's Surprise Spectacular

2291-515: The Chicago Stadium's famous Barton organ . Recreating the old organ's notes took two years. The building is 140 feet (43 m) tall, and is of concrete and steel construction, with 3,500 tons of steel being utilized in its construction. While the Blackhawks and Bulls had long planned another arena, an inflated real estate market and the early 1990s recession delayed the project until financing

2370-524: The NBA, the Bulls drew an average attendance of 20,624 in 41 home games, the highest in the NBA. The hardwood floor for the Bulls games is laid over the ice that the Blackhawks play on. The flooring is assembled like a puzzle and taken apart when the Blackhawks have a game. The Bulls and Blackhawks own and operate the United Center through the United Center Joint Venture (UCJV), a 50/50 partnership. It covers 960,000 square feet (89,000 m) on

2449-663: The NHL. It also has a seating capacity of 23,500 for concerts. Opened in 1994, the United Center replaced the West Side's Chicago Stadium , which was opened in 1929 and located across the street from the Center. It is owned by the Reinsdorf and Wirtz families, owners of the teams that use the arena, and which also own much of the surrounding land. The first event held at the arena was WWF SummerSlam , and it hosts hundreds of sporting events, and concerts

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2528-582: The US, was the high value of the Canadian dollar, as high as 86-cents American in 1991, which made Canada's export manufactured goods, such as automotive parts, textiles and intermediate industrial goods and materials, uncompetitive in international markets. Combined with Canada's manufacturing productivity at the time being among the lowest in the G7 (caused by a lack of investment in new equipment or in research and development) and

2607-502: The United Center hosted UFC 238 . On the weekend of March 5–6, 2011, the Professional Bull Riders made their Built Ford Tough Series debut at the United Center. It was their third Chicago-area visit, having previously visited Rosemont 's Allstate Arena in 2006 and 2008. The event at the United Center presented a unique scenario as instead of dirt, white crushed stone was used to cover the arena floor. In September 2018,

2686-545: The United Center hosted the second edition of the Laver Cup . The tennis competition will feature Team Europe vs. Team World. On October 13, 2016, the arena hosted the Kellogg's Tour of Gymnastics Champions. With a seating capacity of 23,500 for concerts, the United Center has been a home to many concert performances. The first was Billy Joel , who stated the "...acoustics could use some work.." Olivia Rodrigo , P!nk , New Kids on

2765-485: The United Center on August 20, 2021, subtitled " The First Dance " in what would be the first televised wrestling event to take place in the United Center since 2000. The event marked Chicago native CM Punk 's AEW debut and return to professional wrestling after a retirement of 7 years from the sport. AEW also held another event at the United Center in partnership with New Japan Pro-Wrestling (NJPW) on June 26, 2022, titled AEW×NJPW: Forbidden Door . AEW then hosted

2844-600: The United Center yearly for the Blackhawk Cup. In addition to 41 Bulls and Blackhawks games each year, the United Center has hosted other sporting events such as University of Illinois basketball , the Big Ten men's basketball tournament (from the first tournament in 1998 to 2001, then in odd-numbered years from 2003 to 2007 and again in 2013, 2015, 2019 and 2023), the Men's NCAA basketball tournament (hosted six times, including 2022),

2923-472: The arena was relocated to the atrium. In 2019, a new scoreboard manufactured by Mitsubishi Electric was added to the United Center. At its unveiling, the scoreboard was the largest and highest-resolution scoreboard in any dual-purpose NHL / NBA arena. The scoreboard has a 8,600 square feet (800 m) display with 4 mm pixel spacing, six independent moving panels, and a continuous inner ring display. New audio and lighting systems were installed alongside

3002-573: The arena. During the 2010 off-season, two additional bars with panoramic views of the arena were added along with the other two that had been added the previous year. Another notable addition were illuminated signs on each side of the arena's 300 level seating bowl reading "Welcome to the Madhouse". The United Center also renovated several of its club-level suites into 32 "theater boxes", which were opera-style boxes seating four-people seating areas with access to an upscale restaurant-style lounge area shared with

3081-449: The bold colors of the Bulls brand. The four stars from the City of Chicago flag have been added to the south apron of the court to highlight the team's civic pride and incorporate the "Chicago Basketball" branding campaign. As of the 2024-2025 Bulls season, the current court features sponsor FanDuel in on the endlines with a smaller text of "CHICAGO BULLS", and Calamos replacing "Bulls.com" and

3160-435: The bottom. The statue was initially located directly in front of the arena. In 2000, in honor of the team's 75th anniversary, a statue of various Blackhawks greats from different eras, along with the franchise's Indian head logo, was erected on the north side of the stadium across Madison Street, near the former Chicago Stadium site. The back of the statue features the names of all Blackhawks players up to that point, along with

3239-405: The din that made Chicago Stadium famous, especially during hockey games. The designers originally estimated that the United Center would be 80% as loud as the Chicago Stadium had been. To amplify noise, they placed angled steel panels around the top level in order to reflect noise back into the arena's bowl. During hockey season, the Blackhawks use an Allen TH323 Theatre Organ that is a replica of

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3318-438: The early 1980s Ontario's employment percentage decline was shorter than Canada's as a whole and only had a 4.4 percentage point contraction. C.D, Howe Institute's Business Cycle Council classifies Canada's recession according to their severity, with Category 4 recessions being the second highest after Category 5, which is a depression. It defines Category 4 recessions as having substantial declines in real GDP and employment for

3397-694: The early 1990s recession actually saw a decrease in GDP per capita, that being by $ 29 in 1991. Both recessions had high unemployment after the recessionary period had officially ended with unemployment rates of 12% and 11.4%, in 1983 and 1993, respectively. Other sources describe the early 1990s recession as "the deepest in Canada since the Great Depression of the 1930s" naming it "the Great Canadian Slump of 1990–92." Finland underwent severe economic depression in 1990–93. Badly managed financial deregulation of

3476-517: The early 1990s, specifically from April 1990 to April 1992. Canada's recession began about four months before that of the US, and was deeper, likely because of higher inflationary pressures in Canada, which prompted the Bank of Canada to raise interest rates to levels 5 to 6 percentage points higher than the corresponding rates in the US by early 1990. Canada's economy began to weaken in the second quarter of 1989 as sharp cutbacks in manufacturing output reduced real GDP growth to about 0.3% for each of

3555-540: The economy to health. Bush initially enjoyed great popularity after the successful Persian Gulf War , but this soon wore off as the recession worsened; his 1992 re-election bid was particularly hampered by his 1990 decision to renege on his " Read my lips: no new taxes " pledge made during his first campaign in 1988. Meanwhile, Mulroney became deeply unpopular in Canada after two failed constitutional reform attempts (the Meech Lake Accord and Charlottetown Accord ) and

3634-526: The event space is the lowest point, allowing maximum visibility. Arenas are usually designed to accommodate a multitude of spectators. The word derives from Latin harena , a particularly fine-grained sand that covered the floor of ancient arenas such as the Colosseum in Rome , Italy, to absorb blood. The term arena is sometimes used as a synonym for a very large venue such as Pasadena's Rose Bowl , but such

3713-425: The federal government's national debt would have increased a significant amount. A third, less important factor in Canada's recession was the weakness of the US economy at the time, which was calculated to have had the effect of reducing Canada's economic growth by .6, 2.2 and 1.1 percentage points in 1990, 1991 and 1992. An additional reason for the recession, especially it being deeper and longer in Canada than in

3792-466: The first quarter of 1991. Both real GDP and employment bounced back in the second quarter of 1991, but then for a full year there was virtually no change in real GDP while employment levels continued to drop as most industries continued to cut output. Only in April 1992 did total employment begin to increase again with real GDP growing 0.4% thereby ending the recession. Technically, the moderate expansion in

3871-446: The image of a basketball that was previously behind the logo has been removed. The "CHICAGO BULLS" text on the endlines has been changed to the font used in the official Bulls logo to make the court design more consistent with the Bulls brand, and the same font has been applied to the "Bulls.com" and the "@ChicagoBulls" text on the north apron of the court. The lines on the court have been changed from red and white to all black to emphasize

3950-506: The last of WCW 's annual Spring Stampede pay-per-views in 2000. On March 3, 2018, WWE returned to the United Center for the first time in over 20 years with a Raw brand "Road to WrestleMania " house show . During a special episode of AEW Dynamite , titled Fight For the Fallen on July 28, 2021, Tony Schiavone announced that All Elite Wrestling (AEW) would host the second episode of their television series, AEW Rampage , at

4029-424: The last three quarters of the year. Despite GDP growth being minimal, employment growth Canada-wide remained moderate throughout 1989 (although Ontario had a decline in employment in 1989) and there was a solid growth spurt (0.8%) in the first quarter of 1990. In April 1990, economic activity and employment both began substantial declines with the largest drops in real GDP, 1.2%, and employment, 1.1%, occurring in

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4108-476: The leading, premier venues in the world. The arena continues to be a cornerstone of Chicago's rich cultural fabric, and this milestone honors the legacy and future of this arena. On February 1, 2022, the United Center and FanDuel Group announced a partnership to develop a sportsbook lounge located off the United Center atrium. The two-story venue was built out as a non-wagering space complete with FanDuel branding with screens featuring other live sports events. With

4187-496: The loss of consumer and business confidence as a result of the 1990 oil price shock , the end of the Cold War and the subsequent decrease in defense spending, the savings and loan crisis and a slump in office construction resulting from overbuilding during the 1980s. The US economy returned to 1980s level growth by 1993 and global GDP growth by 1994. Canada's economy is considered to have been in recession for two full years in

4266-467: The lounge opened in 2023, betting is still contingent on approval from the Illinois Gaming Board . The Reinsdorf and Wirtz families who own the United Center and much of the surrounding land have considered development schemes for the area. In 2024, they submitted a zoning application for a potential $ 7 billion "mega-development." Named the 1901 Project for the United Center's address number,

4345-603: The opposition Liberal Party 's campaign during the 1993 election , designed to underscore alleged mismanagement of the national economy by the incumbent Labor Party . Unlike the opposition parties in North America, however, the Liberal Party failed to enter government (at least, not until the 1996 election ) In neighbouring New Zealand , the recession came after the re-election of the reformist Lange Labour government. The impact of economic reforms (known as Rogernomics ) in

4424-497: The other theater boxes. The theater boxes were built on the opposite end of the seating bowl as the Harris Club. After the 2012–13 season, a third panoramic LED bar was installed around the 300 level, which required the removal of the "Welcome to the Madhouse" signs. A new court floor design was added for the Bulls' 2015–16 season and includes multiple changes. The iconic bull head logo at center court has increased in size by 75% and

4503-419: The outside of the arena. The most well-known of these is the statue of Michael Jordan , also known as "The Spirit", on the east side of the arena in an atrium (opened in 2017) outside Gate Four. Originally installed in 1994, during Jordan's first retirement and just after the arena's opening, the statue features Jordan mid-dunk over an opposing player, with his tenures with the Bulls and career stats engraved on

4582-407: The owners instead decided to have a less expensive precast concrete exterior. Per the team owners' request, the City of Chicago closed a section of Monroe Street west of the stadium, as the venue's footprint extends into where the road's sidewalk had previously been located. When the venue opened, Chicago Tribune architecture critic Blair Kamin criticized this street closure and other aspects as

4661-416: The percentage of the working age population (15-64) being employed continued to decline until the following month. The slow growth in employment following the end of the GDP contraction in April 1992 right through until 1995, is referred to as a "jobless recovery". A key cause of the recession in Canada was inflation and Bank of Canada's resulting monetary policy. The inflation rate in Canada had remained in

4740-437: The plan includes almost 9,500 new housing units and related neighborhood amenities and business spaces. Like most mega-developments, the project would be phased and could take many years to realize. The following banners hang from the rafters of the United Center honoring past and present Bulls and Blackhawks. Championship banners Championship banners Several statues of Bulls and Blackhawks greats exist inside and around

4819-574: The premiere of AEW Collision on Saturday, June 17, 2023, with the return of CM Punk being a headliner for the event. The venue also hosted the AEW pay-per-view All Out on September 3, 2023. On January 28, 2012, the Ultimate Fighting Championship held its first nationally televised event at the arena. UFC on Fox 2 was the UFC's second live prime-time event on Fox . The headlining fight

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4898-854: The private sector's foreign currency denominated debt burden. At the same time authorities tightened bank supervision and prudential regulation, lending dropped by 25% and asset prices halved. Combined with raising savings rate and worldwide economic troubles, this led to a sharp drop of aggregate demand and a wave of bankruptcies. Credit losses mounted and a banking crisis inevitability followed. The number of companies went down by 15%, real GDP contracted about 14% and unemployment rose from 3% to nearly 20% in four years. Recovery has been based on exports, after currency devaluation of 40% and reviving world economy share of exports as percentage of GDP has risen from 20% to 45%, and Finland has been running consistent current account surpluses. Despite this impressive performance and strong growth mass unemployment has remained

4977-448: The property asset bubble. The decade following is known as The Lost Decade . The Progressive Conservative government of Brian Mulroney in Canada and the successful presidential election campaign of George H. W. Bush in the United States may have been aided by growth in 1988. However, neither leader could hold on to power through the last part of the recession, being challenged by political opponents running on pledges to restore

5056-515: The recession led to deep policy divisions between the Prime Minister, David Lange , and the Minister of Finance, Roger Douglas . In response to the recession, Douglas wanted to increase the pace of reform, whereas Lange sought to prevent further reform. Douglas resigned from Cabinet in 1988, but was re-appointed to Cabinet in 1989, prompting Lange to resign. Labour lost the 1990 general elections by

5135-524: The removal of certain protective tariffs through the 1989 Canada-US Free Trade Agreement, this caused substantial job losses in the manufacturing sector with a significant number of manufacturers closing down or moving to the US, Mexico or the Caribbean. The recession severely depressed job markets throughout the country unemployment rising from a low of 7.2% in October 1989, to a high of 12.1% in November 1992; it would take 10 years before unemployment recovered

5214-452: The replacement of long-serving Margaret Thatcher with John Major as prime minister in November 1990 helped fend off a strong challenge from Neil Kinnock and Labour . Japan had loose monetary policy in the decades preceding, causing the Japanese asset price bubble . The Bank of Japan raised interest rates to cause an inverted yield curve and reduced M2 money supply increases to tame

5293-465: The respective offices, who would be reelected as a result of the general election held that November . The United Center also hosted the 2024 Democratic National Convention . In 2008, the United Center saw the debut of the Harris Club, private premium seating area that filled space previous occupied by several club-level suites. The Harris Club was an open lounge premium seating area with a capacity of 236 ticketholders fitted with amenities such including

5372-441: The scoreboard upgrade. On October 17, 2024, The United Center, proudly marked its 30th anniversary during the 2024–2025 Bulls and Blackhawks season – celebrating three decades of iconic moments, world-class entertainment, and legendary sports history. Since opening its doors in 1994, the United Center hosts more than 200 events each year and has welcomed more than 70 million fans through its gates, solidifying its reputation as one of

5451-468: The second quarter of 1991 would qualify the contractions from April 1990 to March 1991 and July 1991 to April 1992 as two separate recessions, but the 1991 second quarter expansion was likely the result of pent up demand from the Gulf War and the introduction of the federal Goods and Services Tax early in the year severely suppressing consumer spending in the first quarter. Overall real GDP growth for Canada

5530-471: The stadiums of smaller colleges or high schools. There are exceptions. The home of the Duke University men's and women's basketball teams would qualify as an arena, but the facility is called Cameron Indoor Stadium . Domed stadiums, which, like arenas, are enclosed but have the larger playing surfaces and seating capacities found in stadiums, are generally not referred to as arenas in North America. There

5609-416: The venue's design as isolating the venue from its surrounding neighborhood. He argued that the venue's design had intentionally closed the arena off from its surroundings, which at the time included the (since-demolished) Henry Horner Homes public housing. The arena was the Bulls' home during their second run of three consecutive championships, hosting the 1996 , 1997 , and 1998 NBA Finals . The Bulls won

5688-601: The venue, entitled Live in Chicago 12.19.98 at the United Center . Contemporary Christian music has also been played at this venue, on tours such as the Tomlin UNITED tour in June 2022, featuring Hilllsong UNITED , Chris Tomlin , and Pat Barrett . The United Center has also provided a Chicago home for the Ringling Bros. and Barnum & Bailey Circus (last performance was 2016, and they permanently shut down on May 21, 2017) and Disney on Ice, which occur once per year;

5767-700: The year (the Generalized Social Contribution rate was increased by 1.3 points on 1 July 1993). Sweden experienced a financial crisis during the early 1990's. Despite several major economies showing quarterly detraction during 1989, the British economy continued to grow until the third quarter of 1990. Economic growth was not re-established until early 1993, with the end of the recession being officially declared on 26 April that year. The Conservative government which had been in power continuously since 1979 managed to achieve re-election in April 1992 after

5846-412: Was 2.3% for 1989, 0.16% for 1990, -2.09% for 1991, 0.90% for 1992, before increasing to 2.66% in 1993. The unemployment rate rose from 7.5% in 1989, to 10.3% in 1990, 10.3% in 1991, 11.2% in 1992, and 11.4% in 1993 before dropping to 10.3% in 1994. In fact, due to unemployment remaining at higher levels until early 1994, some sources assert the early 1990s recession lasted until February 1994 in Canada, as

5925-415: Was added to the Center in 2017. The Jordan statue has since been joined by statues of Blackhawks ice hockey players Bobby Hull and Stan Mikita , while a statue of various Blackhawks players is located across the street on the site of Chicago Stadium. Both the Chicago Blackhawks and the Chicago Bulls play their home games at the arena with some of them on back-to-back nights. In the 2023-2024 edition of

6004-401: Was dedicated in the stadium's first-floor concourse. Indoor arena An arena is a large enclosed platform, often circular or oval-shaped, designed to showcase theatre , musical performances , and/or sporting events . It is composed of a large open space surrounded on most or all sides by tiered seating for spectators, and may be covered by a roof. The key feature of an arena is that

6083-437: Was former UFC Light-Heavyweight Champion Rashad Evans vs. Phil Davis , with Evans winning by unanimous decision. The UFC announced in mid-January 2015 that the United Center would be host of UFC on Fox 16 . The United Center also hosted UFC on Fox: Johnson vs. Dodson in 2013 and UFC on Fox: Henderson vs. Thomson in 2014. On June 9, 2018, the United Center hosted UFC 225 which was its first PPV event. On June 8, 2019,

6162-508: Was secured from an international syndicate, with funding by banks from Japan, Australia and France. The arena originally had 216 luxury sky-boxes, the most of any professional hockey or basketball venue at the time of its opening. But after the 2009–10 renovation, this had been decreased to 169 executive suites spread across its three levels of suites. It also was originally constructed with 3,000 club seats. Architects originally proposed utilizing limestone and granite for its exterior, however

6241-469: Was taped at the United Center. The program aired on television on May 23 and 24, 2011. Pictures from the event are displayed inside the arena entrance on the wall of Gate 4. The United Center was also the venue of the 1996 Democratic National Convention , where the Democratic Party nominated as its presidential and vice-presidential candidates Bill Clinton and Al Gore , the incumbent holders of

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