A local private equity firm buys the site where Bally’s plans a big Chicago casino complex. A national strike looms as one of the country’s largest railroad unions votes down a tentative contract. And expect a surge in airline travel this Thanksgiving week.
The $1.73 billion proposal now heads to the Illinois Gaming Board, which must license Bally’s to operate the Chicago casino set to be built along the Chicago River near Chicago Avenue and Halsted Street.
The Chicago City Council is expected to give its final stamp of approval to the Bally’s plan on Wednesday, sending the proposal to the Illinois Gaming Board, which must license Bally’s to operate the Chicago casino set to be built near Chicago Avenue and Halsted Street.
Even though Lightfoot stacked a special City Council committee with her allies to consider the casino proposal, Ald. Tom Tunney (44th Ward) acknowledged Friday that the mayor did not have enough support to advance the plan to build a casino and resort.
While Mayor Lori Lightfoot and her administration have touted the proposal from Bally’s as the most lucrative proposal the city received and said the casino would be an “iconic” addition to Chicago’s riverfront, members of the City Council continue to greet those claims with skepticism.
While members of the Lightfoot administration touted the proposal from Bally’s as the most lucrative proposal the city recieved and said the casino would be an “iconic” addition to Chicago's riverfront, nearly all members of a special City Council committee formed to consider the plan greeted those claims with skepticism.
Lightfoot’s support for a casino on what is now the Chicago Tribune printing plant and newsroom near Chicago Avenue and Halsted Street will bounce the roulette ball to the Chicago City Council to consider Bally’s plan.
State Farm customers will notice an increase in their car insurance rates once again; prices of new homes take the biggest leap in at least 15 years; and a Fulton Market developer has big plans for a property near one of the city's proposed casino sites.
A casino does not belong so close to Chinatown, where it will have “human costs,” state Rep. Theresa Mah told WTTW News on Thursday.
An alderperson comes out against one of the three Chicago Casino finalists; developers plan new apartments for the Magnificent Mile; and a series of ads hopes to showcase Illinois as “the middle of everything.”
Chicago has three finalists for potential casino sites, but residents of those communities have mixed feelings. Some fear a rise in crime and the impact a casino could have on neighboring small businesses. Others are hopeful it could provide good paying jobs.
With three community meetings complete, the roulette ball bounces back to Mayor Lori Lightfoot, who is expected to make her decision within the next two months and pick one of three proposed Chicago casino locations.
The teams behind each Chicago casino proposal were asked how they plan to incorporate bird-friendly elements into their architecture. Some tipped their hand, others kept their cards close to their vest.
If a casino is coming to the riverfront, publicly accessible open green space should be a priority, as well as considerations for wildlife habitat, environmental advocates say. And the buildings themselves should be held to the highest standards of sustainability and climate resiliency.
“Ladies and gentlemen, we’re about to make history here,” Mayor Lori Lightfoot said, just before the first electronic vote.
Mayor Lori Lightfoot does not expect to pick one of the three finalists and ask the Chicago City Council to ratify her decision until early summer, a significant delay since the fall, officials said.