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Bally’s agrees ground lease deal for Bally’s Chicago site

22nd November 2022 10:21 am GMT

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 [...]

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