top of page

City Receives Bally’s $40 Million Upfront Payment For Chicago’s 1st Casino

CHICAGO — The promised multi-million dollar payment to make Chicago’s first casino a reality is in city’s coffers.


Bally’s has paid the $40 million it pledged as part of its pitch for the $1.7 billion riverfront casino and resort at the Tribune Publishing site in River West, Mayor Lori Lightfoot said in a statement Thursday.


The money, which was a major factor in making Bally’s the frontrunner among three finalists, will support the city’s pension costs. Bally’s also has pledged to pay the city $4 million annually to that end, and generate $200 million in yearly tax revenue.


City Receives Bally's $40 Million Upfront Payment For Chicago's 1st Casino (blockclubchicago.org)

6 views

Recent Posts

See All

(CHICAGO), August 29th, 2023—O’Rourke LLP client 815 Entertainment, LLC (“815”) has entered into a tax-advantaged sale-leaseback transaction with Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“G

(CHICAGO), August 25th, 2023—O’Rourke LLP client Walker’s Bluff Casino Resort has opened to the public as of Friday, August 25 at 12:00 PM following a ribbon-cutting ceremony at 11:45 AM, marking a si

bottom of page