Mayor Lori Lightfoot extends application deadline to build Chicago casino – CBS Chicago

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Chicago (CBS) – Mayor Lori Lightfoot gave potential bidders two more months to submit a formal plan to build a casino in Chicago just weeks before the original deadline.

The city initially gave potential casino operators until August 23 to submit bids for casino projects, but on Friday the mayor’s office said the deadline was extended to October 29. ..

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“This extension gives potential bidders more time to fully assess Chicago Casino’s opportunities. We will implement additional due diligence. A more competitive tender package. We will look for funding opportunities, ”the town hall said in a statement.

Last year, eight of the eleven groups responded to the city’s request for information from potential bidders interested in building and operating the casino. Said the casino should be built in or near downtown.. One company preferred a location near the Harborside Golf Course along Calumet Lake on the southeast side. The other two did not indicate their preferences.

However, according to published reports, the city is struggling to attract formal casino offers and some large casino operators have refused to get involved. Local businesses that have expressed interest are closely tied to Lightfoot and could put the mayor in a potentially awkward position if they are the only bidders.

Crain’s Chicago Business reports that the other three companies have recently expressed an interest in bidding, but more time is needed to finalize the proposal.

When the bidder submits the plan, the applicant makes a public presentation on the plan, followed by a series of community meetings before the mayor chooses from among the proposals. The plan must be approved by city council and the Illinois Gaming Commission.

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“This historic casino project provides sustainable, well-paying jobs for residents with undervalued backgrounds and creates a world-class casino complex that attracts visitors from all over the world. The aim is to increase the economic dynamism and strength of the station, ”explains Lightfoot. declaration. “By extending the timeline for interested bidders, the city will be able to garner as many powerful, influential and transformative proposals as possible. These offers will take place and the first Chicago casino we look forward to working closely with the team that was ultimately selected for development. “

The mayor’s office says the plan for the Chicago casino complex should include a hotel with up to 500 rooms, meeting space, restaurants, bars and recreational facilities.

Selected casino operators are also allowed to establish temporary gambling businesses during the construction of permanent facilities. You can also set up slot machines at O’Hare and Midway airports before the permanent casino goes live.

The city expects the permanent casino to open by 2025. The casino’s tax revenue will go to underfunded police and fire department pension funds.

The other requirements of the bidder are as follows:

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  • 26% Minority Participation (MBE), 6% Women Participation (WBE) in the design and construction of Chicago-based projects and businesses.
  • In the construction of the project, 50% of the total working hours by city residents and 7.5% of the total working hours by residents of the area around the project.
  • The employment of employees in the project helps create wealth in disadvantaged communities, prioritizes employment of city residents and creates a diverse workforce that reflects the overall diversity of the city.
  • Procure goods and services while running a project, create wealth in underprivileged communities, prioritize urban businesses, maximize high-level contracts with MBE and WBE vendors, and veteran-owned businesses and obstacles.

Applicants can submit casino auction questions to [email protected] before 5:00 p.m. on Friday, October 1, 2021, and the subject line must include “Chicago City, RFP Question”.

Mayor Lori Lightfoot extends application deadline to build Chicago casino – CBS Chicago

Mayor Lori Lightfoot extends application deadline to build Chicago casino – CBS Chicago

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