Bally's Chicago Receives Critical Support From City Council
CHICAGO, Dec. 14, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today garnered a major victory after Chicago's City Council voted to approve an amendment to Planned Development No. 1426, authorizing zoning for the construction of Bally's Chicago Casino – a $1.7 billion flagship entertainment destination. The first phase of this project will include the one million square foot casino building, 500-room hotel, 3,000-person event space, dozens of infrastructure improvements in the surrounding area, and a significant amount of public open space. Chicago Aldermen also approved the ordinance, making way for 3,000 construction jobs, 3,000 permanent jobs, and millions of dollars in tax revenue that the casino will generate annually.
- CHICAGO, Dec. 14, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today garnered a major victory after Chicago's City Council voted to approve an amendment to Planned Development No.
- "This is a significant achievement and another critical step forward in the process of developing Bally's Chicago," said Bally's Chairman, Soo Kim.
- The support comes after the Plan Commission and Committee on Zoning recommended approval of the project to the Chicago City Council earlier this week.
- Located on the 30-acre Chicago Tribune Publishing Center at the intersection of Chicago Avenue and Halsted Street, Bally's Chicago will transform this currently underutilized site into a major economic driver for the city.