This whole casino issue is a total cluster fuck and how they fix it I don't know.
It has to go back to Springfield to make it work and it needs to be downtown, period to make a real return.
There are tons of articles out there today. Blair Kamin made the most perinate suggestions.
I wont even provide one link because if you searched it you could find 10 articles from today and yesterday alone.
This is Lightfoots big agenda to fix.
She should work with Pritzker to make it workable otherwise Chicago will never see a casino in a lifetime.
Whos idea was it for them to take 74% of all of the gross?
Like how greedy can you get.
No major casino owners could even make a slight profit at that insane rate.
This is a major fubar beyond a doubt.
This is her most important decision, and Pritzker needs to get real
no tourists will ever venter into a no go zone to play for money.
This needs to be high end, period. Don't fuck this up Lightfoot.
Ok just one link
https://www.chicagotribune.com/colum...kiy-story.html
Column: A consultant disses Lightfoot’s casino sites. Now what?
By Blair Kamin
Chicago Tribune |
Aug 14, 2019 | 3:23 PM
So a consultant has branded five casino sites floated by Mayor Lori Lightfoot, all on the South and West Sides, as out-of-the-way losers.
Which raises the question: If the casino must be downtown, where should it go?
…
All kidding aside, this casino stuff is serious business. It’s the first high-profile building project that will bear Lightfoot’s imprint. It could throw off enough profit to help Chicago climb out of its financial hole.
…
Not only did the state-hired consultants, Las Vegas-based Union Gaming Analytics, conclude that “onerous” taxes and fees imposed by the city and state would discourage private casino operators from investing
in any of the five sites.
….
Wherever a downtown casino goes, it will be at odds with Lightfoot’s agenda of spreading development to the South and West sides.
It will be no easy task to balance her commendable drive for equity with the pressing need to balance Chicago’s books.