Fitch Ratings and S&P lowered their outlook to negative on debt issued by Bally’s, the winner of the Chicago casino bid. “This is a really big project for a company that hasn’t built anything like this….There are lots of things that could go wrong at the cost side, with high inflation, zoning issues, any number of things,” columnist Greg Hinz said.
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 problem is that it’s bad plan and Herself can’t get the expected backing.
The real casino will be whatever they slap together for a temporary venue.
You’re probably right – temporary will become permanent as the tax dollars roll in.
I’m shocked ! Maybe Herself can finance the casino with all the new money she’s always finding for buying voters.