While Bally’s is preparing to develop the 30-acre site, it may not own the land itself for long. The publicly traded company said earlier this month it plans to sell the land and lease it back to raise money for the proposed casino complex.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
The irony here is lost on the City. Newspapers are the past. Gambling is the future. All of which is funded by private equity.
Lori’s casino shell game?
Guaranteed Income checks cashed for free!
Ka Ching!