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The Latest Breaking News from Albert Friedman

Storied Florida golf course property has largest unpaid property-tax lien in county history

Arizona-based Store Capital owns the 96-acre property.

USA Today Sports Media Group · Jun 17, 2024

Bally’s Chicago casino closes out year $9.7M short of Lightfoot’s budget bet

The temporary casino at the historic Medinah Temple made less than a quarter of the money former Mayor Lori Lightfoot had estimated it would churn out for police and firefighter pension funds.

Chicago Sun-Times · Jan 9, 2024

Bally’s lands full casino license, locks in Medinah Temple operation through 2026

Bally’s now has until Sept. 9, 2026, to complete its 505,000-square-foot permanent casino complex in River West.

Chicago Sun-Times · Oct 26, 2023

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Bally’s Medinah Temple temporary casino landlord Albert Friedman will hit $20 million jackpot under 4-year lease

Albert M. Friedman will get more than $16.5 million in rent and a $330,000 management fee under his four-year lease, obtained by the Sun-Times. Bally’s also must pay a property tax bill that’s topped $1.1 million a year.

Chicago Sun-Times · Sep 8, 2023

Developer revises plan for a mixed-use tower in River North

Friedman Properties wants to add residences to a possible mix of hotel and office space at 330 N. Clark St., near the company’s Reid Murdoch building,

Chicago Sun-Times · Mar 20, 2023

State regulators approve Medinah Temple landlord of proposed temporary Chicago casino

State regulators are still evaluating Bally’s overall casino proposal, which they submitted in August. But regulators gave the OK to entities controlled by the politically connected owner of the Medinah Temple.

Chicago Sun-Times · Feb 9, 2023

These are some of the people in line to profit from Lightfoot’s Bally’s casino deal

Among them: the family of the woman chairing the mayor’s reelection campaign fund, contractors that are Lightfoot financial backers and two clout-heavy real estate investors whose children attended the Catholic elementary school where Lightfoot’s daughter was a student.

Chicago Sun-Times · Feb 3, 2023

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Kaegi botched COVID tax relief

The Cook County assessor cut values based on jobs he thought neighborhoods would lose due to the pandemic. It was a wild miscalculation that worked out well for some, including Mayor Lori Lightfoot, not so well for residents of a poor South Side neighborhood.

Chicago Sun-Times · Jan 28, 2022

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