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(Source: City of Chicago)īally's has submitted two separate proposals for a Chicago casino, including a $1.8 billion project at the 30-acre Chicago Tribune Freedom Center publishing plant along the Chicago River near Halsted and Ohio streets. If the City Council approves the plan chosen by the mayor, the project would then need to go to the Illinois Gaming Board to get a license before the selected developer could set up a temporary casino while building a permanent facility.ĭeputy Mayor for Economic and Neighborhood Development Samir Mayekar said the city received 'five great proposals that are all well over $1 billion worth of development.'īally's Corporation Proposal for the Chicago Tribune Publishing Center Rendering of Bally's Corporations' proposed casino at the Chicago Tribune publishing center. Top officials at City Hall will sort through the proposals and negotiate with bidders before recommending one of the plans to Mayor Lori Lightfoot, who is counting on the estimated $200 million in annual tax revenue from a Chicago casino shore up the city's severely underfunded police and firefighter pension funds. The city is planning a public meeting next month for bidders to present their plans to the public and take questions on their proposals.

CHICAGO (CBS) - City officials on Friday officially unveiled the five competing bids to run Chicago's casino, as the evaluation process continues with an eye to select a plan to present to the City Council for approval early next year.

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