"It's my pleasure to be part of the National Basketball Association at the time when the All-Star Game and surrounding festivities are coming back to town".
Chicago last hosted the NBA All-Star Game in 1988.
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The official announcement is expected to come Friday, with National Basketball Association commisoner Adam Silver and Chicago mayor Rahm Emanuel expected to be in attendance. Additionally, this means that All-Star weekend will emanate from a top-three market city for two of the next three years.
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The NBA All-Star weekend last took place in the Windy City during the 1987-88 season at the Chicago Bulls' former home, Chicago Stadium. Bulls star Michael Jordan was named the MVP of the game after scoring 40 points.
There was a reluctance to bring the game to Chicago in the past, as team owner Jerry Reinsdorf had said that the league would have to "force me to take the All-Star Game" during a 2012 interview with ESPN.
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"Of course, it had a slam dunk championship with Dominique WIlkins and Michael Jordan, that people are still talking about today, and a fantastic All-Star Game as well", Silver said.