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Oak Street Real Estate Capital has purchased the 30-acre site of the former Chicago Tribune publishing center for $200M in a sale-leaseback deal with Bally¡¯s that will help fund a $1.7B casino, hotel and entertainment complex the gaming giant plans to build on the site.

Liquidity has been an issue for Bally¡¯s: in its Q3 2022 earnings statement, the company reported $3.4B in debt and only $165M in cash on hand. The transaction with Oak Street is the third sale-leaseback deal for Bally¡¯s this year.



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