Bally’s Corp. garnered a major victory after Chicago’s City Council approved an amendment to Planned Development No. 1426, authorizing zoning for the construction of Bally’s Chicago Casino—a $1.7 billion flagship entertainment destination that is scheduled to open in 2026. The first phase of this project will include the 1-million-square-foot casino building, 500-room hotel, 3,000-personevent space, dozens of infrastructure improvements in the surrounding area, and the addition of a significant amount of public open space. The City Council 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. The casino will open in a temporary location at Medinah Temple in River North in 2023.
“This is a significant achievement and another critical step forward in the process of developing Bally’s Chicago,” says Soohyung Kim, chair of Bally’s Corp. “We are confident that the casino will bring numerous long-term, positive economic benefits, including good-paying union jobs, to this great city.”
The support comes after the Plan Commission and Committee on Zoning recommended approval of the project to the City Council last December. During the vote, members of the development team described the benefits and resources that the riverfront casino is expected to bring, such as its ambitious and industry-leading vendor contracting, workforce development, and equity ownership opportunities for minorities and women.
The casino will be built at the 30-acre Chicago Tribune Publishing site at the intersection of Chicago Avenue and Halsted Street.