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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.


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