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Amazon Buys Old Chicago Amusement Park
Tech Giant Plans to Transform Historic Site
New Development to Bring Jobs, Economic Growth
Amazon has announced plans to purchase the historic site of the Old Chicago amusement park and megamall. The tech giant intends to transform the property into a new development that will bring jobs, economic growth, and an exciting new destination to the area.
The Old Chicago amusement park operated from 1904 to 1979 and was once one of the most popular tourist destinations in the Midwest. The megamall, which opened in 1986, has struggled in recent years as shoppers have shifted to online retailers. Amazon's purchase of the site is seen as a major investment in the city and a sign of confidence in its future.
Amazon has not yet released specific details about its plans for the site, but the company has said that it intends to create a "mixed-use development" that will include retail, office, residential, and entertainment space. The project is expected to create thousands of jobs and generate billions of dollars in economic activity.
Mayor Lori Lightfoot has welcomed Amazon's investment in the city. "This is a major win for Chicago," she said. "Amazon is one of the most innovative companies in the world, and their decision to invest in our city is a testament to our strengths as a global hub for business and technology."
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