Joe Mansueto Of Chicago Fire FC Acquires Development Site In South Loop For $650 Million

The asset involved in this transaction is a development site located south of Roosevelt Road between Clark Street and The Chicago River in Chicago. The property spans nearly 10 acres and is being sold for $650,000,000, earmarked for a new 22,000-seat soccer stadium. The anticipated completion of the stadium is by 2028, pending City Council approval.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $650,000,000
• Buyer: Joe Mansueto - Chicago Fire FC
• Seller: Curt Bailey - Related Midwest
• Date: 06/03/2025

Joe Mansueto, the owner of Chicago Fire FC, aims to establish a new sports and entertainment hub in the city’s future 78th neighborhood without any public funding, seeking full private control over the venue. This operational focus highlights the commitment to enhance local sports infrastructure and community engagement in the South Loop area.