Oak Street will provide $300M to fund the development, as well as a 99-year ground lease on the site, which is located near the intersection of Chicago and Halsted Street, according to a report in the Chicago Tribune. The deal includes 10 optional 20-year renewals on the lease.
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If boxing icon Floyd Mayweather fights again, maybe Jeff Umali will place a bet. And maybe when a huge sporting event, such as the Super Bowl, rolls around, the 39-year-old will wager a few bucks.
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