{"id":5123,"date":"2022-05-06T15:43:09","date_gmt":"2022-05-06T15:43:09","guid":{"rendered":"https:\/\/www.top10casinowebsites.net\/news\/?p=5123"},"modified":"2022-05-06T15:43:09","modified_gmt":"2022-05-06T15:43:09","slug":"chicago-mayor-selects-ballys-casino-plan-what-happens-next","status":"publish","type":"post","link":"https:\/\/www.top10casinowebsites.net\/news\/chicago-mayor-selects-ballys-casino-plan-what-happens-next\/","title":{"rendered":"Chicago Mayor Selects Bally\u2019s Casino Plan; What Happens Next?"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2022\/04\/proposed-ballys-chicago-casino.jpg\" alt=\"Proposed Bally&#039;s Chicago Casino\" title=\"Chicago Mayor Selects Bally\u2019s Casino Plan; What Happens Next?\" width=\"300\" class=\"alignleft size-full wp-image-5097\" \/><\/p>\n<ul>\n<li>Bally\u2019s could receive the sole casino license in Chicago.<\/li>\n<li>The project will be constructed at the Tribune Publishing Center site in the River West area. <\/li>\n<li>Hard Rock and Rivers were the two additional bidders up for consideration.<\/li>\n<\/ul>\n<p>Yesterday, the office of <strong>Mayor Lori Lightfoot<\/strong> issued a press release, stating that <a href=\"https:\/\/www.ballys.com\">Bally\u2019s Corporation<\/a> had the winning bid and would receive the single casino license in the city. Hard Rock International and Rivers were in the running, but apparently didn\u2019t make the cut. <\/p>\n<p><strong>Bally\u2019s has plans to spend $1.7 billion to create a casino resort<\/strong> at the site of the Tribune Publishing Center. The casino will offer gaming and hotel stays along with other amenities. <\/p>\n<h2>Confident in the Decision to Select Bally\u2019s <\/h2>\n<p>In the press release, Mayor Lightfoot said she is confident that the right choice was made for Chicago. After reviewing analysis and community input, the <a href=\"https:\/\/www.top10casinowebsites.net\/news\/ballys-makes-strong-pitch-for-chicago-casino-at-river-west-location\/\">Bally\u2019s plan was selected based on what it can contribute to the city<\/a>. <\/p>\n<p>The mayor said she feels that the development will help boost the pension funds in the city as well as create thousands of jobs that offer quality pay. Overall, the plan will lead to a bright financial future for the city. <\/p>\n<p>It has been estimated that the new casino would bring around $200 million a year in tax revenues. The funds from the operations would go towards fire and police pensions. However, the plan was also subject to criticism from residents and officials. <\/p>\n<div style=\"position:relative;height:0;padding-bottom:56.25%\">\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/fzBoNANnbfU?rel=0&amp;showinfo=0?ecver=2\" width=\"640\" height=\"360\" frameborder=\"0\" style=\"position:absolute;width:100%;height:100%;left:0\" allowfullscreen><\/iframe>\n<\/div>\n<p>&nbsp;<\/p>\n<h2>Opposition Looms Over the Project <\/h2>\n<p>The Bally\u2019s plan has seen stiff opposition from all sides, as residents in the neighborhood and officials on the city council are not in favor of the plan. Residents do not feel that the site is viable, and homeowners\u2019 associations worry about the devaluing of property once the casino is operational. <\/p>\n<p><a href=\"https:\/\/rnrachicago.org\">River North Residents\u2019 Association<\/a> are opposed to the casino plans and after a survey was conducted, showed that <strong>over 85% of people would not like to see the Bally\u2019s plan come to life<\/strong>. Some residents even pointed out that the Tribune site is an odd choice because there are not many transit options in the area. <\/p>\n<p>So, what happens now? The mayor\u2019s office will need to complete a host community agreement with Bally\u2019s to ensure terms of the project. An Alderman special committee will then evaluate the agreement. The City Council will be involved in the final recommendation process and the formal development plan must be agreed upon by the City Council and the state Gaming Board. <\/p>\n<p>The public will have an opportunity to speak about the decision on May 12 during a community engagement event. It will be interesting to see how residents and council members respond to the decision. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bally\u2019s could receive the sole casino license in Chicago. The project will be constructed at the Tribune Publishing Center site in the River West area. Hard Rock and Rivers were the two additional bidders up for consideration. Yesterday, the office of Mayor Lori Lightfoot issued a press release, stating that Bally\u2019s Corporation had the winning [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,11,8],"tags":[],"class_list":["post-5123","post","type-post","status-publish","format-standard","hentry","category-industry","category-legislation","category-usa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chicago Mayor Selects Bally\u2019s Casino Plan; What Happens Next?<\/title>\n<meta name=\"description\" content=\"Chicago Mayor Lori Lightfoot has selected the Bally\u2019s Corporation plan for the first casino in the Windy City, but additional approvals are still needed for the project to move forward.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.top10casinowebsites.net\/news\/chicago-mayor-selects-ballys-casino-plan-what-happens-next\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chicago Mayor Selects Bally\u2019s Casino Plan; 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