A defining moment arrived for Chicago’s ambitious casino project Thursday, as the final steel beam was hoisted into place, completing the structural framework of Bally’s permanent riverfront complex. Years of anticipation, setbacks, and relentless construction culminated in this visible milestone, signaling a new chapter for the city’s entertainment landscape.
The ceremony unfolded on the 30-acre site of the former Freedom Center printing facility in River West, now transforming into a $1.7 billion destination along the Chicago River. Bally’s Chairman Soo Kim acknowledged the challenging journey, expressing confidence in a completion date early next year, a sentiment echoed by a gathering of current and former city leaders, including Mayors Brandon Johnson and Lori Lightfoot, alongside the dedicated construction crews.
The completed core structures – a soaring 34-story hotel tower and the expansive casino building – represent a massive undertaking. Plans envision a 500-room hotel, a vibrant 3,000-seat theater, a versatile exhibition hall, ten diverse restaurants, and an impressive 4,000 gaming positions, poised to make it the largest casino in Illinois.
The path to this point hasn’t been without obstacles. Originally slated to open in early 2026, the timeline shifted due to unforeseen challenges. Demolition work was temporarily halted after debris entered the river, and regulatory concerns led to work stoppages related to waste disposal. Even foundation plans required a redesign to safeguard nearby water infrastructure, necessitating a relocation of the hotel tower.
Bally’s now anticipates a first-quarter 2027 opening, aligning with a revised state deadline that allows continued operation of the temporary casino at Medinah Temple until September of that year. This development arrives alongside a period of strong financial performance for Bally’s, fueled by expansion and strategic investments.
Chicago’s financial expectations are substantial. While the temporary casino generated $15.9 million in local taxes last year, falling short of initial projections, officials are banking on the permanent complex to deliver over $100 million annually. This revenue is earmarked to bolster critical police and fire pensions and support the city’s broader efforts toward equity, safety, and affordability.
Mayor Johnson emphasized the potential impact, stating the new complex is projected to generate significant revenue, supporting vital city services and fostering thriving communities. The project’s success is particularly crucial as casino competition intensifies across Illinois, with new and expanded facilities vying for visitors.
Bally’s aims to transcend regional competition, attracting the 50 million-plus tourists who visit Chicago each year. Chairman Kim believes the facility will be a game-changer, offering an unparalleled entertainment experience within the Chicagoland area.
Former Mayor Lightfoot, reflecting on the project’s lasting significance, described it as a pivotal moment for the city’s financial future. She passionately championed the project, viewing its completion as a legacy that will benefit Chicago for generations to come, comparing the feeling to the profound experience of bringing a child into the world.
