Chicago city council gives final approval to $1.74 billion casino project

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Chicago Construction News staff writer

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Chicago city council has approved Bally’s plan to build a $1.7 billion casino downtown. The proposal now goes to the Illinois Gaming Board for approval.

The casino and resort, which will be constructed and operated by the Bally’s corporation, is planned for the former Tribune Publishing plant in River West at North Halsted and West Chicago Avenue.

According to the proposal, construction is expected to take three years and will be completed in 2026.

Bally’s was designated as the city’s preferred operator last May, and an application has been submitted to the Illinois Gaming Board (IGB) for an operating licence.

The downtown casino is projected to generate $800 million in revenue and $200 million in annual tax revenue for the city

Bally’s project includes:

  • 3,000-seat theater
  • Extension of the Riverwalk and pedestrian bridge
  • 500-room hotel tower
  • Outdoor park
  • Fitness center, sun deck and pool spa
  • Six restaurants and a food hall
  • 3,400 slots
  • 170 game tables

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