Earlier today Crains Chicago reported Justin Ishbia, billionaire investor and part-owner of the Chicago White Sox, and his firm is finalizing a deal to purchase a railroad yard located in the South Loop. Ishbia is set to become the team’s controlling owner in the future (possibly by 2029, or 2034). The name of Ishbia’s firm is the Shore Capital Partners.
The land that is being purchased is A 47-acre rail yard in Chicago’s South Loop, currently owned by Amtrak. The land sits along the Chicago River, near a major development area called The 78.
The White Sox have been actively looking for a new stadium site for years. Back in January of 2024 the Chicago Sun Times reported the team considered purchasing the 78 but nothing came of it. Even though nothing has been confirmed, it looks like this newly acquired land will potentially be the new stadium location.
Ishbia’s firm has not said it’s building a stadium there but according to reports from FOX 32 Chicago, “Crain’s Chicago received a statement from Shore Capital that a potential Northwestern Medicine healthcare facility could be a part of those plans.”
As of now the current White Sox stadium (Guaranteed Rate Field) lease doesn’t expires until after the 2029 season.
