Bally's partners with private investor on an up to $500 million sale leaseback for future site of bally's chicago

Chicago , nov. 21, 2022 /prnewswire/ -- bally's corporation (nyse: baly) today announced that it has closed a transaction with one of chicago's leading real estate private equity firms (the "investor"), whereby such investor acquired for $200 million, the approximately 30-acre tribune publishing center site (the "land") on which bally's chicago will be built. pursuant to the terms of the parties' agreement, bally's entered into a ground lease with the investor to lease back the land.
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