Bally’s Chicago casino is set to have 3,400 slots and 173 table games in addition to an exhibition hall, 500-room hotel, a 3,000-seat theater and 11 restaurants. The development will include a 2,100-square-foot park and walking path along the river and a three-level underground parking garage, according to the plans released by city officials.
Economy
An economic package, which gives tax credits to incentivize electric vehicle and parts production and training in Illinois, has yielded few results, to the point that Gov. J.B. Pritzker is expected to soon sign legislation that will expand some tax credits.
The $1.74 billion proposal still needs the approval of 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 European carmaker said it will “idle” the assembly plant in Belvidere, Illinois on Feb. 23 and said the layoffs are expected to exceed six months.
A spokesperson for Uber, said firm officials were “pleased to put this matter behind us.”
Between supply chain problems, inflation and the shadow of a pandemic, the outlook for small retail and food businesses continues to be uncertain this holiday season.
This week, CASHDROP founder Ruben Flores-Martinez announced he is putting $1 million of his own equity into what he calls the Latino Renaissance Fund, which will be distributed to 1,000 Latino-owned businesses.
As head of a regional Fed bank, Goolsbee will have a vote on the central bank’s interest rate decisions in 2023. Each year, four of the regional bank presidents rotate into voting positions on the Fed’s rate-setting committee.
Researchers say despite the pandemic and inflation concerns this year, people are still giving their money — but cautiously.
Online shopping hit record levels last Friday, despite consumers’ concerns about the economy being at the highest level since the 2008 Great Recession.
The stand-off between railroad companies and a dozen unions representing workers from conductors to locomotive engineers is for the second time heading toward a possible strike.
Delinquent properties are eligible for the Cook County Tax Sale, which is administered by the Cook County treasurer’s office. That’s where a private investor buys the debt and can make a big profit off of it.
Americans are bracing for a costly Thanksgiving this year, with double-digit percent increases in the price of turkey, potatoes, stuffing, canned pumpkin and other staples.
This year, some turkey farmers have been impacted by avian influenza, which affected more than 50 million birds, according to the CDC. No commercial flocks in Illinois have been affected.
The ambitious plan included a community center, a technology hub, partnerships to offer free tuition and provisions for contracting with Chatham’s small service businesses.
The budget takes effect Jan. 1, 2023, approximately two months before Mayor Lori Lightfoot is set to ask voters for a second term as Chicago mayor, does not include a property tax hike to keep up with the soaring rate of inflation, or any other tax or fee hikes.
