Bally’s lender standoff threatens Chicago casino funding – The RealDeal
Bally’s is facing a revolt from lenders over its latest debt proposal, a standoff that could ripple far beyond Wall Street — all the way to Chicago’s pension funds. For Chicago, the timing couldn’t be worse. The city is counting on the long-promised Bally’s casino — approved in 2022 and expected to generate hundreds of millions for its underfunded pension systems.
The village plans to issue tickets only to property owners, not contractors, amid fears over immigration enforcement.
