Resolution R2024-0010162
Stale
Call for hearing(s) on financial viability of Bally's Casino and ability to meet its obligation under agreement with City of Chicago
Auto-generated summary
Bally's Casino, crucial to Chicago's entertainment, tourism, job creation, and revenue generation, faces scrutiny by the Committee on Finance after a $9.7 million shortfall in 2023 tax revenue and unmet 2024 expectations. The casino's financial health affects the City of Chicago's budgetary obligations and the interests of employees, contractors, and local businesses, necessitating City Council decisions on its future.
