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Both sides in the deal have a letter of intent to finalize terms for the property at 65 E. Huron St. that has been in play for developers.
The taproom’s closure in Douglass Park will affect 86 employees, some of whom will work remotely or relocate to California.
John Shadbar, 70, is accused of shooting his neighbor with an assault rifle May 7. Prosecutors allege Shadbar acted because the victim, Melissa Robertson, who is white, had Black children. Robertson survived and is recovering.
Rack City, a faction of the Black P Stone Nation also known as the Racketeers, claims territory around West 93rd and South Halsted streets. For years, they’ve been in a violent rivalry with a Gangster Disciples faction known as the Princeton Park GDs, authorities say.