The Tribune Tower is Sold

First the Chicago White Sox are going to name their stadium "Guaranteed Rate Field" and now the Tribune Tower is sold.

What the hell is happening to the Windy City?

Tribune announced yesterday that the iconic Tribune Tower is being sold and that Trib employees will likely be moving out. 

DNAInfo reports that Los Angeles-based developer CIM Group reached a deal to buy the venerable neo-Gothic tower at 435 N. Michigan Ave. for up to $240 million, Tribune Media announced Tuesday.

And Peter Liguori, Tribune Media's CEO, told staff that Chicago's largest newspaper and other Tribune entities will likely move out of their namesake tower next year. 

"Although we are selling the Tower, the operational headquarters of Tribune Media will remain in the city," Liguori said. "As the buyer intends to repurpose the Tower, we will be transitioning our Chicago staff to new space over an extended period of months — likely in the second quarter of 2017."

As a former Chicago resident, its sad to see part of the city's history change. Looks like Twitter feels the same way I do:

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