The WBBM Transmitter Site

From this morning's Tom Taylor NOW column...

The other side of Entercom’s $46 million sale of the transmitter site for Chicago’s news WBBM/780 is what the buyers are going to do with it. The answer is, probably some sort of warehouse operation. Crain’s Chicago Business says the site four miles west of O’Hare Airport in Itasca, Illinois is in a red-hot area for real estate. Bridge Development Partners says “O’Hare is good as gold, if you can get it.” One of his execs says “We keep waiting for a slowdown” in the Chicago-area industrial market, “but it’s just not happening.” Anybody who ships goods in and out of O’Hare wants to be around it, and it’s close to many potential customers. Entercom is moving toward diplexing WBBM with sports sister “670 the Score” WSCR – and CEO David Field will gladly pocket the money from selling the 50-acre site. Speaking of that, Entercom’s talked about the sale price as $46 million, but Crain’s calls it $50 million.