In order to develop a world-class experience in the City of Chicago that will push the economy and drive employment opportunities for the city communities, it is planned to build a casino-resort. It will add entertainment experience in the city and become a tourist attraction.
Last week, the City of Chicago released a summary that includes five proposals ranging in value from $1.3 to $2.0 billion. Each of the proposals are created in line with the city vision to develop the city and is a unique project that can benefit local communities and city view.
The five proposals were offered by Rivers Gaming LLC, Rivers Chicago at McCormick LLC, HR Chicago LLC, and Bally’s Corporation. All the applicants will publicly present their projects on December 16. The presentations will include the general view of the projects, location, timing forthcoming, and development plans that should be completed in phases.
Meanwhile, the projects will be reviewed under discussions by the committees that include experts represented by city department leaders. The Proposal Review Team will determine the recommended winning bidder. After that, Mayor Lori Lightfoot and City Council will approve the final decision.
The proposals are the following (In alphabetical order):
The holder of the Chicago owner’s license can run a temporary casino for 12 months with another 12-month extension, and only after that to get permission to operate a permanent casino in the city. All the applicants must meet the state’s licensing requirements and hold the owner’s license.
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