Bally’s, one of the leading casino corporations, will need to make changes to the design of its permanent Chicago casino and entertainment complex several months before breaking ground on the development scheduled to open in 2026. The decision to revise the design was made after discovering that the foundation of a 35-story hotel tower could potentially damage a municipal water pipeline on the River West site.
Bally’s executives are currently working with city officials to find an alternative location for the tower, as the original site is unable to accommodate the foundation due to unforeseen infrastructure issues. The original design, which included a 100-room riverbank hotel and a 400-room tower, was approved by the City Council in 2022. However, the company proceeded with plans to build the foundation for the 505,000-square-foot tower only to find out about the potential damage to the water piping near the river.
The revised design relocates the 100-room hotel development to a 74-foot tall building in the south end of the 30-acre site. The tower will be moved to a different location on the site. Bally’s spokesperson stated, “We are one step closer to the start of construction of the permanent casino by working closely with all stakeholders including the city. We look forward to getting shovels in the ground in 2024.” Construction is set to begin in the summer of 2024.
The development is an extension of Bally’s casino operations in Chicago, which currently include a temporary casino at the Medinah Temple. The company generated around $3.1 million in tax revenues in three months of operations, falling below its budget projections. The company plans to open the permanent casino by September 9, 2026, as mandated by state law.
The company won the Chicago’s casino operator deal, obliging them to build the tower and invest approximately $1.34 billion in the project. Plans to leave the temporary Medinah venue and open the permanent casino by 2026 are reportedly on schedule.