Tribune Media is looking to sell a large piece of land on
the Chicago River , Crain’s Chicago Business reported.
The 30 acres on the North Branch of the river,
where the Chicago Tribune's Freedom
Center printing plant is
located, had been presented to Amazon when the retail giant was looking in 2017
for a spot to build a second headquarters.
Tribune Media had gotten zoning approval in
2018 for a 8.5 million-square-foot project called River District at the North
Branch site, Crain’s reported. Tribune Media could opt to keep the site and
perhaps work with developers on it, Crain’s says.
A flyer on the site referenced an opportunity
to draw from the Freedom Center as Tribune Publishing has a lease going until
2023 for the 828,000-square-foot printing plant, Crain’s said. There Tribune
Publishing prints the Chicago Tribune, the Chicago Sun-Times and other
publications. The lease includes two options to extend the lease for 10 years
each, Tribune Publishing executives have said, according to Crain’s.
Texas-based broadcast company Nexstar is
currently buying Tribune Media.
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