The city said every year Chicago doesn't open a casino, $331 million dollars goes into Indiana coffers. The River North Neighborhood Association polled residents and nearly 9 out of 10 oppose a casino in their neighborhoods.Īldermen for all three of the proposed neighborhoods also opposing the casino. 'The revenues generated from casino will allow the city to avoid raising taxes, particularly property taxes, one of the few viable revenue sources for addressing a pension liability of this mag,' Bennett said. Jobs now and revenue later that will help pay police pensions and, they said, keep property taxes low. How many jobs? City Hall says between 6,000 and 12,000 will be created as part of the $2 billion dollar project.

'It's going to take us time to get back and surpass the 60 million tourists we experienced in Chicago in 2019 and coming out of COVID we need every single tool avail to spur economic growth, vibrancy and job creation,' said Deputy Mayor Samir Mayekar. A potential standoff over the Chicago Tribunes long-term lease at the Freedom Center printing plant stands to throw a major roadblock into Ballys plan for a 1.7 billion riverfront casino and. As many residents in the proposed neighborhoods oppose casinos, City Hall called the casino as a way to revive tourism.

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