Chicago Campus Redevelopment Partner Announced
Dear Moody Family:
One year ago this month, we shared with you that Moody Bible Institute prayerfully began an effort to sell some of the non-core portions of our Chicago campus real estate portfolio to help fund our 2030 growth plans.
Since our last update in January, Moody has been involved in a due diligence process, with the hope that we would enter into an agreement with a real estate partner in the months following. We are thrilled to announce that after much prayer and an extensive evaluation, the prestigious Chicago-based firm, JDL, has been selected as our real estate partner.
This sale is a significant first step in our reimagining a state-of-the-art campus better suited for the 21st Century. It will also help us secure the needed resources to make investments necessary to grow our educational, broadcasting and publishing impact for the sake of His Kingdom.
While a real estate contract has been signed with JDL, closing on the property will not actually take place for many months. Approvals of the development plan are still needed by the city of Chicago, and JDL will also be engaging with the community around Moody to discuss their plans for the 8 acres located west of Wells Street.
We realize that there will be many questions after today’s exciting news, so please stay tuned to a news story in the near future.
In the meantime, join us and the Real Estate Team in praising God for His guidance and ongoing provision. He strategically placed Moody in the heart of Chicago for such a time as this, and we are boldly moving forward in this new season.
Dr. Mark Jobe
Chief Operating Officer