Bally’s set to close Freedom Center site purchase for $155 million this month, with plans to sell the land in a sale-leaseback to raise cash for Chicago casino development
Founded in 1932 as a Chicago-based pinball manufacturer, Bally’s diversified into everything from casinos and health clubs to amusement parks over the years before selling off its parts and fading into corporate obscurity in the new millennium.
CHICAGO — When Mayor Lori Lightfoot named Bally’s the winner of a yearlong vetting process Thursday, it ended an intense competition that saw five proposals from four development teams narrowed