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.
Development
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.
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.
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.
A previous effort to renovate the Congress Theater sputtered out in 2020, even after the City Council agreed to give the project a $9.7 million subsidy.
What if our cities could be more like forests? That’s the question at the heart of a new building prototype developed by architecture and engineering firm Skidmore, Owings & Merrill.
Sterling Bay is set to unveil its plans for the North Side megaproject. Danny Ecker has the details on that story and more.
Chicago will invest a billion dollars into the creation and preservation of 24 development projects, as a result of federal pandemic recovery money and the Mayor’s 2022 budget. The move not only aims to bring more affordable housing to the city but also looks to support developments led by people of color.
Mayor Lori Lightfoot said getting a casino off the ground in Chicago will “usher in a new and exciting era for our city.”
Three firms want to build a casino and resort in Chicago, Mayor Lori Lightfoot’s office announced Friday. All five proposals are of a “high-caliber,” Lightfoot said in a statement released by the mayor’s office.
Local leaders are working to redevelop a massive city site into a mixed-use, community-driven project. They’ve gotten millions in seed money from the state — and are hoping for city support, too.
The growing share of city property taxes sent to tax increment finance districts has fueled a perennial argument over whether the districts actually spur redevelopment and eradicate blight or serve to exacerbate growing inequality in Chicago.
The process to get a Chicago casino is taking longer than originally anticipated. Mayor Lori Lightfoot announced Friday the city would extend the deadline for interested parties to submit proposals to build and operate the casino.
The site of the long-defunct hospital is poised to be transformed into a new Chicago neighborhood offering 4,800 homes, plus offices, research facilities and stores as part of a $4 billion redevelopment. “This has been a long time coming,” said Ald. Sophia King.
The project is backed by Ald. Walter Burnett (27th Ward) and Ald. Brian Hopkins (2nd Ward), putting the massive development on track to win final approval at Wednesday’s City Council meeting.
The proposed mega-development would create residential and retail space, parkland and a transit hub on top of the Metra tracks just west of Soldier Field. Why some lawmakers want to block state financing for the splashy, $20 billion plan.
