The Chicago White Sox professional baseball franchise may be moving out of the neighborhood that's been synonymous with its existence for more than a century if a proposal for a new stadium at The 78 advances to approval in the coming months.

According to the Sun-Times, Related Midwest is pushing for a “massive financing package” from the Illinois General Assembly to fund the project by the end of spring. If approved, the $9 billion South Loop ballpark project would be joined by 1,000 units of affordable housing in the “village” portion of the larger 62-acre site. The team’s current digs on the Southside would be transformed into a soccer stadium with another 1,300-unit housing component. An architect for the project is expected to be named later.

Related says the project will create about 10,000 new construction jobs and add over $4 billion worth of economic benefits. The White Sox's current lease at Guaranteed Rate Field expires at the end of the 2029 baseball season. The team still has to pay off about $50 million in debt on that ballpark before they can make a move elsewhere.

A new tech industry research and education center for the University of Illinois system from OMA and Jacobs is the only project slated for the development currently. The 78 could potentially include another 4,000 residences, a boutique hotel, retail and dining options, and a new office tower if plans are realized in their current form.

“We’re encouraged that the conversation about the White Sox’s future in Chicago has begun, and we look forward to further discussions,” Illinois Sports Facilities Authority CEO Bill Bilecki told reporters.

The Chicago Bears, meanwhile, are refocusing their plans for a new Manica-designed stadium on the Lakefront after floating an Arlington Heights proposal for a number of years.