Justin Ishbia Aims To Buy 47-Acre Amtrak Rail Yard
Minority owners Justin Ishbia are planning to buy a 47-acre Amtrak rail yard in South Loop for potential construction as part of their long-term stadium plan; Crain's Business reports that Shore Capital Partners is nearing the deal closing while neighbors express eagerness and concern about another mega-development on tap.
Key Points
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1Justin Ishbia and his Shore Capital Partners are reportedly buying land at an Amtrak rail yard on South Loop to potentially build a new White Sox ballpark.
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2The proposed site spans approximately 47 acres, located across the Chicago River from Wrigley Field (the '78').
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3Ishbia previously invited Pope Leo XIV as ceremonial first-pitch thrower if and when a stadium is constructed in Chicago.
Developments
Justin Ishbia plans to purchase and develop the former Amtrak Coach Yard site into another mixed-use project that could include an anchor White Sox stadium, while developer Bob Dunn seeks state bonds near Soldier Field. Although Alderwoman Pat Dowell supports only one new complex—the Chicago Fire Stadium at The 78—local neighborhood leaders are urging residents' involvement in discussions regarding these high-value developments on the South Side and Loop sides of downtown.
Shore Capital Partners owns-in-waiting Justin Ishbia's White Sox are acquiring 47 acres in Chicago to develop mixed-use projects including possible stadium space. While the High Speed Rail Alliance opposes this sale due to potential disruptions, Shore has begun early planning for a healthcare facility and innovation hub alongside Northwestern Medicine on the site before Rate Field expires after season two of twenty-nine years old
Shore Capital led by White Sox minority owner Justin Ishbia has purchased Amtrak's railyard across the Chicago River from Project 78 for an undisclosed price as part of plans that include healthcare facilities and medical innovation. While Shore Capital states there is no formal indication a stadium will be built, this acquisition occurs near previous ballpark discussions while ownership remains in transition to another group led by Ishbia later next year.