No gambling at McCormick Place. Officials have whittled down the five proposals submitted by three firms to build a casino and resort in Chicago to eliminate both proposals involving McCormick Place, city leaders announced.
Two proposals that would have seen a casino built at McCormick Place have been eliminated from consideration.
The $1.74 billion proposal from Hard Rock to build the casino and resort as part of the proposed One Central development, across from DuSable Lake Shore Drive from Soldier Field. At the same time, Huang Bennett acknowledged that every month that passes without a casino up and running costs the city millions of dollars.Samir Mayekar, deputy mayor for economic and neighborhood development, said that process is designed to make sure Chicago’s casino is an “iconic” addition to the city’s world-class architectural history and puts Chicago on the “global map” for gamblers.
A Bally’s casino with 3,400 slots and 173 table games as well as a 500-room hotel west of River North would generate $191.7 million in its sixth year of operations, according to the study.
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