Chicago issues RFP for establishment of casino resort

Chicago issues RFP for establishment of casino resort

Chicago issues RFP for establishment of casino resort

Chicago has officially issued its Request for Proposals concerning the establishment and building of a casino resort in the area. Whoever the partner ends up being will obtain the only casino licence in the state’s largest city, as the resort is expected to begin operations by 2025.

The holder of this licence will be given the chance to temporarily operate a casino for more or less 24 months, as they will also have to build a resort which encompasses a hotel, a casino, dining venues and bars, and space for entertainment and meetings.

Lori. E Lightfoot, the Mayor of Chicago, stated:

“I am not interested in building a casino for the sake of building a casino. My goal is a multi-faceted entertainment development that we can all be proud of. Chicago deserves a world-class facility of superb quality and architectural significance. One that will add to Chicago’s iconic architecture and exceptional urban environment. One worthy of this city’s storied history.”

However, a site for the resort has not yet been picked out, as the operators are being pushed to pick their own location which they find most suitable for the venue. The city will still need to approve whatever location is chosen.

This licence will also permit the operation of slot machines at the two international airports in the city, Chicago O’Hare International Airport (ORD) and Chicago Midway International Airport (MDW). There will be an applicant chosen based on whether or not they meet the goals set by the city for this resort.

Such goals include maximizing gaming tax revenue, creating job opportunities, being of “superb quality and architecturally significant design”, speeding up the development of the city’s economy and providing a ”first-class standard of service”.

Some more detailed requirements include having half the total work hours be filled by residents of Chicago city, the prioritization of local businesses for construction of the resort and minority-owned and women-owned businesses accounting for 26% and 6% respectively of contractors.

All proposals are expected by the 23rd of August 2021, with the final applicants being decided upon in 2022.

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