Square footage of studio space in UChicago’s new Arts Incubator, which opened March 8 in the Washington Park neighborhood: 10,000 University investment, in millions, in the property at 301 East Garfield Boulevard, since its 2008 purchase: $1.85 Grant from ArtPlace, an organization that supports creative placemaking: $400,000 Number of applications to the Arts Incubator’s first residency program: 150 Number of artists in residence selected: 5 Honorarium each artist in residence receives: $10,000