“This casino is the right thing for this city.”īut several alderpeople continued to cast doubt on the casino’s revenue projections and Bally’s fiscal solvency. “I’m for this casino because I’m for the future of this city,” Burnett said Wednesday. Walter Burnett (27th), whose ward includes the casino site, praised the project Wednesday, even though he voiced skepticism earlier this week over the development’s minority hiring plan.

The company also provided an upfront payment of $40 million to the city, designated for pension payments.Īld. Wabash Ave., in River North has been selected as the temporary casino location and is expected to open next year. The controversial casino plan has been hailed by Mayor Lori Lightfoot and other supporters as a major windfall for the city of Chicago and its pension obligations.Ĭity officials have projected the permanent Bally’s casino could bring in around $200 million in annual tax revenue to offset the city’s police and fire pension debt by its second year in business. A rendering of the future Chicago casino site and surrounding developments Credit: Provided/Department of Planning and Development A company representative Tuesday said that process is ongoing. Sophia King (4th) recused herself from the vote “out of an abundance of caution” because her husband’s law firm may at one time have represented Bally’s, she said.īally’s still requires licensing approval from the Illinois Gaming Board to proceed with the Chicago casino site. Brian Hopkins (2nd), Anthony Beale (9th), Ed Burke (14th), Raymond Lopez (15th) and Brendan Reilly (42nd) voting against it. Alderpeople still needed to sign off on amendments to the site’s specific zoning uses, which is why the latest proposal was reviewed by the council’s Zoning Committee and full body this week. The City Council approved the overall casino plan in May.

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