“To the extent a casino operator could pare down expenses and realize modest revenue and profits from non-gaming amenities (as we have projected herein), total enterprise profit margin would, in a best-case scenario, likely equate to a few pennies on the dollar \u2013 and that would require the casino to be developed without incurring any debt, as we believe no traditional financing would be available for such a development as debt servicing would likely well exceed any modest profits generated,” Union concluded.<\/p>\n
Despite Lightfoot’s seemingly unproductive visit to Springfield, she and Pritzker are painting the Chicago casino’s odds of coming to reality in a positive light.<\/p>\n
\nIt’s good for the city, it’s good for the state, so we will be working very hard to try to get something through,” Pritzker stated. “There is still some negotiation discussion going on, but I am hopeful … we will be able to get it through.”<\/p>\n<\/blockquote>\n
The Illinois General Assembly is scheduled to adjourn its fall session on Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"
Democratic Chicago Mayor Lori Lightfoot went to the Illinois Springfield capital this week in hopes of convincing state lawmakers to support a new, reduced tax scheme for her city’s casino. She left without with any major progress. In August, a feasibility study conducted by Las Vegas-based Union Gaming and commissioned by the Illinois Gaming Board […]<\/p>\n","protected":false},"author":25,"featured_media":119640,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13592],"tags":[],"acf":[],"yoast_head":"\n
Chicago Mayor Lori Lightfoot Springfield Visit Unsuccessful<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n