McCormick Place’s Lakeside Center would become the “gem” of a south lakefront entertainment district under a proposal to transform the 50-year-old structure into Chicago’s mega-casino.
A group of developers who are already behind a $4 billion redevelopment of the former Michael Reese Hospital site near Bronzeville said Wednesday they’re ready to go all in with another billion-dollar investment to turn the “iconic” but “sparsely used” convention space into an “entertainment mecca.”
“For years, we’ve been talking about how do we revitalize this thing, even way, way, way before the casino was in the lexicon here,” said Scott Goodman, founding principal of Farpoint Development.
