Aurora city council votes to contribute $50 million for relocating Hollywood Casino

Aurora city council votes to contribute  million for relocating Hollywood Casino

https://www.hollywoodcasinoaurora.com

Aurora city council voted last week to relocate and expand the Hollywood casino and contribute $50 million to help build the region’s first casino resort. The city said the project will create about 1,000 construction jobs and 700 permanent jobs.

The plan calls for the Hollywood Casino Aurora will move from its current location on the Fox River downtown – where it has been located since it opened in 1993 – to a site closer to the Reagan Memorial Tollway (I-88), across from the Chicago Premium Outlets Mall.

The new casino resort would include a 200 room hotel and a 10,000-square-foot event center.

The city-owned site on Farnsworth Avenue was most recently occupied by two hotels and a car dealership. In exchange for the land, Penn Entertainment agreed to invest $300 million in the new project and transfer the property the casino currently sits on to the city, along with two parking garages.

“The light is shining a little brighter – a whole lot brighter – in the city of Aurora,” Mayor Richard Irvin said after the vote.

A $50 million bond issuance was approved by the city to assist with the $360 million project.

Penn Entertainment plans to demolish the current casino. Construction will begin in 2023.

 

Source: www.chicagoconstructionnews.com

Senior writer at the Chicago Morning Star

Related Posts
Chicago to have casino-resort; selection process is on
In order to develop a world-class experience in the City of Chicago that will push
Rockford City Council votes 11-1 to certify casino proposal
The Rockford Chamber of Commerce and Rockford Area Economic Development Council (RAEDC) have been advocating
Onerous tax and fee structure make Chicago Gambling casino ‘Not Feasible’
The General Assembly has authorized the casino gambling in Chicago. The onerous tax and fee
Chicago’s mayor selects five possible casino locations
Chicago’s Mayor Lori Lightfoot has floats five sites as possible locations for a casino in
Department of Justice Awards Grant to Project Safe Neighborhoods Program
Fairview Heights, Ill. – U.S. Attorney Rachelle Aud Crowe announced today that the Department of
Two-year-old boy goes home for the first time in his life
A boy born with a rare genetic condition left a Chicago hospital Tuesday after spending
Aurora Welcomes Celebrates Day of the Dead 10\15 – 11\06
Now in its third year, Sugar Skull City will turn downtown Aurora into a celebration
Rockford Man Sentenced to 13 Years for Drug Trafficking
A Rockford man has been sentenced to 13 years in federal prison for trafficking heroin
Former Chicago Police Officer Charged for Alleged Kidnapping
A former Chicago Police Officer has been indicted on a federal civil rights charge for
National Coffee with a Cop Day in Naperville: Everyone Invited on Oct. 5
Citizens are invited to enjoy coffee and conversation with members of the Naperville Police Department