Mayor Lori Lightfoot and other city leaders will announce their selection for the site of Chicago's first casino on Thursday.
Bally's, which operates more than a dozen casinos in the United States, proposed to spend more than $1.7 billion to build a casino and entertainment complex on a site that currently holds the Chicago Tribune's Freedom Center.
The Vice Chairman of the City Council's Casino Committee is calling for the casino project to move ahead quickly, despite fierce opposition from the neighborhood groups. Bally’s chairman Soo Kim has argued their plan, with a series of traffic signal upgrades, would actually help reduce congestion. Supporters note the property already is zoned for a much denser development than even the casino. The City Council in 2018 agreed to allow 4.5 million square feet of offices to be built there, plus a hotel and more than 4,000 residences.
Bally's projected their proposal would create 3,000 annual construction jobs and 3,000 permanent casino jobs.
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