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January 10, 2019

Soccer stadium plan scrapped in Chicago

CHICAGO (AP) — The owner of the Chicago Cubs has pulled out of plans to invest in a United Soccer League team after developers scrapped a planned 20,000-seat stadium.

Sterling Bay, a real estate development company, announced last year the formation of a joint venture with Tom Ricketts to own the team. On Tuesday, Sterling Bay said it will redesign its $6 billion, 54-acre Lincoln Yards project on Chicago's North Side excluding the stadium.


 
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