A crucial vote on Mayor Lori Lightfoot’s decision to tap Bally’s to build a casino in River West was delayed Friday, as several members of the Chicago City Council peppered officials with a wide range of questions about the plan.
Bally’s casino and resort would be built on what is now the Chicago Tribune printing plant and newsroom near Chicago Avenue and Halsted Street.
The Chicago City Council is scheduled to meet at 10 a.m. Monday. The plan unveiled by Tunney calls for that meeting to be recessed by 1 p.m., to allow the casino committee to meet and vote on the proposal. That would allow the plan to be sent to the full City Council, which could reconvene at 4 p.m., Tunney said.
“I’m anxious to get a vote, so the revenues start to flow,” Lightfoot said. “There is a sense of urgency.” “I think we have been given some false choices here,” Reilly said. “The bottom line is that this is being rushed through very quickly.” Lightfoot and her top officials have touted the proposal from Bally’s as the most lucrative proposal the city received and said the casino would be an “iconic” addition to Chicago’s riverfront.
Bally’s will also offer the city an upfront payment of $40 million for the license, and $4 million annually. The annual payment will be divided in half, with half going to fund public safety initiatives citywide and half focused on the area around the casino to improve public safety and ameliorate any impact on nearby residents.
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