New York-listed casino operator Bally's Corporation is progressing with plans to develop a new $1.7bn flagship casino property in Chicago after agreeing a deal with an unnamed real estate private equity firm.
Bally's has entered into a ground lease with the Chicago-based real estate private equity firm, which has acquired the 30-acre Tribune Publishing Center site where Bally's Chicago will be built for $200m.
The ground lease includes an initial 99-year term, followed by ten separate 20-year [...]
