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Old Post Office deal not sealed and delivered yet (Chicago Sun-Times)

The sale of the Old Chicago Main Post Office remained a muddled affair Wednesday after the buyer who won it at auction missed a deadline to close the deal. Bill Davies, a globe-trotting investor who pledged $40 million at the Aug. 27 auction for the vacant hulk that spans the Eisenhower Expy., did not close the sale despite having the available funds, said a person representing him.

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