Ald. Anthony Beale: With latest Bally’s Casino plan, city risks doubling down on a bad bet – Chicago Sun-Times

"Bally’s is underperforming, and neither the city, nor the police and firefighter’s pension funds that were supposed to be bolstered by its revenue, can afford it."
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Mike Ropeniss
1 year ago

Actually I believe that the new casino which will open in late August, early September, in Rockford, Illinois will be a big hit. Hard Rock Casino is located immediately off of the I 39/90 corridor and is nicely situated between the Madison, Wi Ho Chunk and the Elgin property. Hard Rock will be easier to get to than both and there is a ton of traffic passing by everyday. Chicago decides to build at Chicago and Halsted which is not convenient and is somewhat in a less than ideal location. The new Hard Rock will have restaurants and entertainment along… Read more »

Wally
1 year ago

There is always a risk about betting on gambling. There is such a proliferation of gambling options, casinos, video, online and so on. The gambling pie of bettors is of a certain size and will not entice those of us who don’t see the allure and pitfalls of gambling. The pie is being split into so many pieces that the return gets diminished. Hoping to fund employees pensions with gambling returns is a bad bet, as was the lottery funding education.

William Butler Hickok
1 year ago
Reply to  Wally

Chicago and the State of Illinois has rolled
Snake eyes!

David F
1 year ago

Unless Bally’s can start accepting Link Cards, it’s over the state has taxed the people into poverty.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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