With three community meetings complete, the roulette ball bounces back to Mayor Lori Lightfoot, who is expected to make her decision within the next two months and pick one of three proposed Chicago casino locations.
, founder, chairman and CEO of Loop Capital. Reynolds grew up in Englewood and graduated from Chicago Vocational High School.The real estate guy: Bob Dunn, head of Landmark Development, which is developing the One Central site.Location, location, location. A casino needs a “tourist-centric” location, Dunn said, and Hard Rock has it, situated at the crossroads of civic and cultural assets. There’s already plenty of parking, transit and existing utilities.
Hard Rock’s proposal exceeds the minimum requirements with Loop Capital holding a 50% stake in the project. The Black-owned firm has also partnered with the Chicago Urban League to set up a vocational training center at Chicago Vocational High school to train employees for the casino and resort.Many of the questions facing Hard Rock involve its location in the proposed — but not yet approved — One Central development.
Dunn and Allen repeatedly said the casino has been “uncoupled” from the broader One Central plan and could move forward even if the rest of One Central remains stalled.Hard Rock had proposed using McCormick Place Lakeside Central but that’s been taken off the table. The team is considering setting up the temporary casino at a downtown hotel, officials said.
However, that estimate relies on the construction of a planned observation tower and hotel as part of the resort, and Rush Street officials have not yet provided city officials with evidence they will be able to obtain financing for that part of their proposal. Rush Street officials said they planned to provide those assurances to city officials. Without the tower, the casino would earn far less, according to the study.
Despite Bluhm’s high profile, he did not appear at Thursday’s meeting, tapping new Rush Street Gaming CEO Tim Drehkoff to put the firm’s cards on the table.The construction guy: Nosa Ehimwenman, CEO of Bowa Construction.The 78 — named to represent Related Midwest’s hope that the now-vacant 62 acres will join Chicago’s 77 community areas as a distinctive neighborhood — is a blank slate, allowing the casino to be built without changing the face of an existing neighborhood, Bailey said.
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