(CHICAGO) — The Windy City Fieldhouse in Logan Square will close at the end of August after more than 25 years.
Murrel Karsh, co-founder and president of Windy City Fieldhouse Events, said the company and Farpoint Development, the real estate company that owns the property, couldn’t come to terms on a lease agreement.
Karsh said that as much as he and his partners would have liked to keep the large indoor multi-sports complex at 2637 W. Logan open, it has become increasingly expensive to operate in the city. It will close Aug. 31, a few months shy of its 26th anniversary in December.
“Unfortunately, due to COVID and other circumstances, the industrial real estate market has exploded in Chicago, driving up prices, which drive up taxes,” Karsh said. “It’s tough. Those costs keep going up dramatically, and as rent goes up that means your property taxes go up even more. So the numbers start becoming astronomical to where it is impossible to make it work.”
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