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How big would a Chicago casino be?
The legislation enacted just over a year ago approved a Chicago casino with up to 4,000 gambling positions (slots or table seats). By comparison, Rivers in Rosemont, which I believe is currently the largest in Illinois, has 1,200 gambling positions. So the Chicago casino would be more than three times the size of Rivers. Who would be the targeted customers? Out-of-town people visiting Chicago; tourists, people here on business or for a convention, suburbanites spending a weekend in the city, etc. Most of these people are staying in downtown hotels and are not interested in going to Rivers in Rosemont or the Horseshoe in Whiting. What’s the best location? If you want to appeal to out-of-towners staying in a downtown hotel, the most important factors in deciding where to put a casino are 1. number of hotel rooms within a quarter mile, and 2. number of hotel rooms within a half mile. And for a casino three times the size of Rivers, you probably need a full city block. Based on eyeballing Google maps, I’d say five floors of a full block in River North or eight floors in the Thompson Center would be about right for the gaming floors. Problem with a very large casino near McCormick Place Lots of people have said the casino should be near McCormick Place or even south of the Stevenson. It seems to me this creates a feast or famine situation. The casino does well when a large convention is in town but struggles in the rest (i.e., majority) of the year. |
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IMO, the best use would be to restore this as a theater. |
Downtown is where the action should be, casino developers tell Lightfoot
Four of the 11 responses received by the city came from major casino developers: Hard Rock, MGM Resorts, Wynn Resorts, and Related Midwest in partnership with Rush Street Gaming, the company chaired by Chicago billionaire and Rivers Casino Des Plaines magnate Neil Bluhm. Four responses came from real estate developers D3 Realty, Development Management Associates, JDL, and R2 Companies. Link: https://chicago.suntimes.com/2020/12...hard-rock-wynn |
Honestly if we can get a tall building with some interesting unique architecture I would be very pro of a downtown casino, perhaps in the south loop to give the area a height/density boost and attract more hotels and commerce (motor row?). I like the potential of MGM, City Center and their Macau properties are all quite nice in design and execution. Wynn I'm afraid will give me their standard red tinted glass curved high rise like Vegas and Macau. The team with the Rivers owner I feel like we'd get a very generic build. I could be very wrong of course.
I don't know much about casino ops, but say a developer gets it, would they build it out and then lease it to probably one of the operators listed above? or would the developer try to run their own casino? in this case would an established major brand be the best bet for a properly run facility? The only other downtown casino I've personally seen is the Jack in Cleveland and it wasn't the best. |
I've said this before, but the only location that makes any sense to me is the McCormick Place Lakeside facility. . . it has built in parking, access to rail and bus, close to Chinatown, nearby hotels, the Arie Crown Theater and is woefully underused. . .
You could use the momentum to get rid of that contentious FotParking lot to the north by grassing over and planting a 2,000' observation tower there. . . I know it's a long shot, but I'm just putting it out there to keep the (pipe)dream alive. . . . . . |
I think McCormick is too remote from the Mag Mile to attract the casual tourist.
Were it up to me, I'd open temporarily in the Medinah Temple building and over the next five years convert the Thompson Center to casino and hotel. Both are well-positioned and need new uses. |
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Considering the design of literally every modern casino built in the US I would prefer no casino anywhere downtown unless it's reusing something. |
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I think McCormick is more ideal because of what Tom said, plus the number of large hotels currently there (and any more in the immediate vicinity that may be planned for the future) would be better positioned to incentivize nearby gamblers, if any deal could be reached between McPier and those hotels. Far different crowds than people who would be staying at the Langham, St. Regis, or hell, even the Hilton Garden Inn downtown. |
I think the corporate/convention traveler is the true audience here. Really just convention traveler. Las Vegas is the biggest convention destination in the US.
Put the building wherever you can drain the pockets of the above as easily and as much as possible. the 78, the lakefront McCormick place, or motor row area in the south loop. anyone else that wants to gamble will seek it out, regardless of location. |
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Wiki: As of 2018, New York City is the most visited destination in the United States, followed by Los Angeles, Orlando, Las Vegas, and Chicago. Tourists spend more money in the United States than any other country, while attracting the third-highest number of tourists after France and Spain. The lakefront was another noticeable recommendation, which I can understand, but would seem to be a "pretty please" request. |
Don't forget that the size preference mentioned for a casino site was 10-25 acres. For areas around downtown, the new megadevelopments seem primed to host it. I recall last year the Tribune River District site was interested in hosting the casino: https://chicago.curbed.com/2019/8/8/...strict-tribune
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Precisely this. Obviously a certain segment of the customer base for a downtown casino will overlap with your Indiana/suburban/out-in-the-boonies casinos. However, on the whole, it will be a quite different market (not the destination/day-tripping/chain-smoking caricature) etc |
River north would seem like a good spot for casino as well...its close enough to core downtown and mag mile and still in a touristy feel area... only issue is finding a large enough cohesive plot for something substantial... I like the Thompson center site as well... I feel like they can incorporate some type of theatre/live venue element to this casino to add to the Chicago theatre district theme... Either way this development needs to be large and architecturally significant which gives me hesitation because when Chicago is given a blank slate to do something special and large it tends to under perform time and time again unfortunately.. ala block 37, wolf point, spire site .
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A downtown casino in Chicago is best left to where the convention traffic is greatest as well as close proximity to Chinatown - where the bulk of local casino traffic will come from anyways. . . the logical choice is the McCormick Place Lakeside facility. . . . . . |
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Therefore. . . McCormick Place Lakeside it is. . . . . . |
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