Chicago: Bally’s River West casino plan expected to get mayor’s nod, sources say

Chicago: Bally’s River West casino plan expected to get mayor’s nod, sources say

Article brief provided by Chicago Sun-Times
  • Fran Spielman, David Roeder and Mitchell Armentrout, Chicago Sun-Times
May 3, 2022 7:38 PM
  • Fran Spielman, David Roeder and Mitchell Armentrout, Chicago Sun-Times

Mayor Lori Lightfoot is preparing to turn over her cards in the Chicago casino game, with all signs pointing to a winning hand for Bally’s Corporation and their River West bid, sources told the Chicago Sun-Times on Tuesday.

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The city signaled in a March report that Bally’s proposal for the Chicago Tribune printing plant site at Chicago Avenue and Halsted Street was the frontrunner over two other finalists for the casino. An official decision could come Thursday.

The publicly traded Rhode Island corporation was the only one to offer an upfront payment of $25 million for the license – and was projected as the top revenue generator over a Hard Rock casino proposed across DuSable Lake Shore Drive from Soldier Field, and the so-called “Rivers 78” plan backed by billionaire Neil Bluhm for the South Loop. Those are key considerations for city officials desperate to start pumping casino tax revenue into depleted police and firefighter pension funds.