Bally’s hails ‘another critical step’ for $1.7bn Chicago project
Bally’s has detailed a “significant achievement” and “another critical step forward” after the casino and entertainment operator gained crucial city council support for its Chicago project.
This has seen the company hail “a major victory” after Chicago’s city council voted to approve an amendment to Planned Development No. 1426, which authorises zoning for the construction of Bally’s Chicago Casino, a $1.7bn flagship destination.
The support comes after the Plan Commission and Committee on Zoning recommended approval of the project to the council earlier this week.
During the vote, members of the development team are said to have described the benefits and resources that the riverfront casino is expected to bring, such as vendor contracting, workforce development, and equity ownership opportunities for minorities and women.
“This is a significant achievement and another critical step forward in the process of developing Bally’s Chicago,” said Soo Kim, Bally’s Chair.
“We are confident that the casino will bring numerous long-term, positive economic benefits, including good-paying, union jobs, to this great city.”
The $1.7bn project will include 3,400 slots, 170 table games, 10 food and beverage venues, 500-room hotel tower with rooftop bar, 3,000 seat entertainment centre, 20,000 square foot exhibition, outdoor music venue, and outdoor green space, including an expansive public riverwalk with a water taxi stop.
Furthermore, the project also provides Bally’s with the exclusive right to operate a temporary casino for up to three years while the permanent resort is constructed.