Chicago Casino Update: Votes Coming Soon on Bally’s $1.7 Billion Project
A voter turnout could occupy place as ahead of time as Friday on Bally’s Corp.’s $1.7 billion gambling casino proposal for Chicago.
The Windy City City Council’s special citizens committee on the externalise testament hold a 10 am CT meeting. The docket includes thoughtfulness of an ordinance amending parts of the city’s natural law regarding casino gaming and a solving pertaining to the externalise slated for the Windy City Tribune’s printing process works on the Windy City River and northwest of the city’s Loop District.
Should the commission head both the ordinance and resolution, it’s possible the total Council could turn on them as shortly as next week. The City Council’s net site shows meetings scheduled on Mon and Wed of next week, and the cassino ordinance is listed on the agendum for Monday’s meeting.
While the agenda for Friday’s get together says the special commission testament “consider and vote” on the issues, the Chicago Sun-Times reported belatedly Th eve the citizens committee would only if discuss the contrive on Friday. The paper cited a seed who claims the committee testament balloting on Tuesday, with a full Council vote occurrent that daytime or next Thursday.
Mayor Lori Lightfoot has sufficiency Council backing to contract away on the Bally’s project, the Sun-Times reported, but the special time will ensure the aldermembers get under one's skin their questions answered.
Alderman Raises Concerns About Casino Deal
Approval of the agreement 'tween Lightfoot’s governance and Bally’s is necessary in rules of order for the project to move forward. Once the pact is signed, Bally’s testament present the urban center a one-time $40 1000000 payment, and the certify application program testament lead before the Land of Lincoln Gaming Board for its review. The city’s Plan Commission must also approve the zoning changes requisite for the casino.
Bally’s officials testament undecided a temporary gambling casino inward the urban center piece the permanent locale is built. A temporary cassino could unfastened as betimes as next year, and according to the accord reached 'tween the parties, Bally’s has in agreement(p) to make up the city $4 1000000 annually once that happens. The Bally’s money to the metropolis testament follow split up betwixt “budgetary relief” and “community benefits” according to a testimonial study the metropolis released before this month.
However, Alderman Brendan Reilly told the Sun-Times he has serious concerns well-nigh the agreement betwixt the metropolis and Bally’s. Specifically, the alderman said the sell gives the mayor’s office staff force to wee changes to the arrangement without involving the Council.
This transfers an unbelievable amount of sanction outside from the City Council to the Executive Branch,” the alderman told the Sun-Times.
Reilly, whose hospital ward includes a neighbourhood side by side(p) to the lasting project, has said he does non counterbalance the urban center getting a casino. However, he objects to the Tribune site for the $1.7 one thousand million projection as easily as the Medinah Temple, where the temporary casino would be housed.
Bally’s Windy City Casino Details
According to Bally’s, the company’s permanent casino would domiciliate 3,400 slot machines and 170 tabulate games, making it the largest gambling casino in Illinois. The send off also includes a 500-room hotel, a 3,000-seat theater, and half a dozen dining options.
The lasting casino, slated to opened inward 2026, would create 3,000 grammatical construction jobs and another 3,000 jobs at the casino.
Bally’s would also invest $70 trillion to restitute the Medinah Temple, a city landmark that started as a Shriners auditorium more than a century ago and was most of late used as retail space. That venue would domiciliate 800 gaming seats and up to trey dining establishments.
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