{"id":29179,"date":"2025-02-22T12:50:01","date_gmt":"2025-02-22T20:50:01","guid":{"rendered":"https:\/\/essential.construction\/news\/ballys-1-7b-chicago-casino-gains-site-approval\/"},"modified":"2025-02-22T12:50:01","modified_gmt":"2025-02-22T20:50:01","slug":"ballys-1-7b-chicago-casino-gains-site-approval","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/ballys-1-7b-chicago-casino-gains-site-approval\/","title":{"rendered":"Bally\u2019s $1.7B Chicago casino gains site approval"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"text-to-speech\">\n    <button class=\"text-to-speech__button button\"><\/p>\n<p>            <img decoding=\"async\" class=\"text-to-speech__button__icon\" src=\"https:\/\/www.constructiondive.com\/static\/images\/audio_icon.svg?482016190122\" alt=\"-\"><\/p>\n<p>        Listen to the article<br \/>\n        <span class=\"text-to-speech__button__audio-length\">2 min<\/span><br \/>\n    <\/button><\/p>\n<div class=\"text-to-speech__controls\">\n        <audio controls=\"\" class=\"js-text-to-speech\" preload=\"none\"><source src=\"http:\/\/res.cloudinary.com\/dmgi9movl\/video\/upload\/q_1\/v1740078535\/news\/text_to_speech\/ballys-17b-chicago-casino-gains-site-approval_bbql69.wav\" type=\"audio\/mp3\"><\/source><\/audio><\/p>\n<div class=\"text-to-speech__controls__text\">\n            This audio is auto-generated. Please let us know if you have <a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/contact\/\" target=\"_blank\">feedback<\/a>.\n        <\/div>\n<\/p><\/div>\n<\/div>\n<p><span><span><span><span><span><span>Providence, Rhode Island-based casino and resort company Bally\u2019s Corp. cleared a key construction hurdle for its Chicago location following the formal approval of its site plans by the city\u2019s Department of Planning and Development, <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/chicago.urbanize.city\/post\/ballys-casino-secures-site-plan-approval-dpd\" target=\"_blank\"><span><span><span><span><span><span><span><span>Urbanize Chicago reported<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Project specs call for a 500-room, 34-story hotel tower via single-phase construction at the 30-acre former Chicago Tribune printing site downtown, according to a <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.businesswire.com\/news\/home\/20240711868387\/en\" target=\"_blank\"><span><span><span><span><span><span><span><span>news release<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>. Per the plans, the hotel tower will be located on the southern end of the casino development nearest Ohio Street along the Chicago River.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The approval comes after Bally\u2019s changed the original design of the location following <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/ballys-chicago-casino-hotel\/721358\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>unforeseen underground infrastructure<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>, per the news release, along with an adjusted design for the hotel. Its backer, Wyomissing, Pennsylvania-based Gaming and Leisure Properties, agreed to finance the entire development in a single phase.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Bally\u2019s and Gaming and Leisure Properties entered into a binding term sheet for a $940 million construction funding facility for the Chicago project, along with other financing transactions, to total approximately $2 billion, per the July news release. Bally\u2019s estimated its <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.hoteldive.com\/news\/ballys-chicago-casino-hotel\/721327\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>total construction costs would be $1.7 billion<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> in May 2023.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Building the project is the <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.chicagocbc.com\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>Chicago Community Builders Collective<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>, a minority-led construction partnership and joint venture. The JV is made of Chicago-based AEC firms that include:\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<ul>\n<li><span><span><span><span><span><span>Brown &amp; Momen.<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span><span><span><span><span><span>d\u2019Escoto.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span><span><span><span><span><span>Milhouse.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span><span><span><span><span><span>SQN Associates.<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span><span><span><span><span><span>Ujamaa Construction.<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span><span><span><span><span><span>Riteway-Huggins Construction.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<\/ul>\n<p><span><span><span><span><span><span>Contractors in the JV that are headquartered outside of Chicago include Gary, Indiana-based Powers &amp; Sons Construction, and Providence, Rhode Island-based Gilbane Building Co.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Plans include a 3,000-seat theater, six restaurants, cafes and a food hall, and a 2-acre public park, per the release. Additionally, the property will connect to the lower riverbank with an approximately 2,000-foot-long extension of the riverwalk.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Demolition of the former Chicago Tribune plant is nearly complete, Urbanize Chicago reported, and the project is targeting a late 2026 opening.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.constructiondive.com\/news\/ballys-chicago-casino-site-approval\/740550\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Providence, &#8230; <a title=\"Bally\u2019s $1.7B Chicago casino gains site approval\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/ballys-1-7b-chicago-casino-gains-site-approval\/\" aria-label=\"Read more about Bally\u2019s $1.7B Chicago casino gains site approval\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[457],"tags":[],"class_list":["post-29179","post","type-post","status-publish","format-standard","hentry","category-construction-dive","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/29179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=29179"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/29179\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=29179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=29179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=29179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}