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Hard rock casino chicago1/3/2024 City consultants said the Rivers 78 and Bally's Tribune plans, which are part of already approved bigger developments, won't see much change. "The only really viable alternative source for the city of this magnitude would have to be property taxes," said Jennie Bennett, Municipal Securities Rulemaking Board and city CFO.Īldermen also raised concerns about traffic problems in all three areas. "So if this doesn't happen, if we were to either postpone this or don't do this, what type of burden would that be on the city and then what is our other alternatives to deal with the fiscal challenges that we have?" Burnett asked. The city counting on casino revenue to help pay for police and fire pensions The administration stressed the urgency for action saying every year a casino is not open the city loses 200 million dollars in direct revenues, much of it going to casinos in Indiana.
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