
Even as Chicago Mayor Lori Lightfoot (D) blunders forward with her megaresort campaign, more voices are being raised in criticism of how the Second City is going about the process. A Crain’s Business analysis determined that “Each location appears to have serious shortcomings when it comes to delivering the greatest possible benefits from a long-awaited city casino.” The conclusion is that Lightfoot is moving too fast in order to garner a quick payday for the city’s “woefully underfunded” pension system.
And the best way to do that, Crain’s argues, is to create a tourist draw, not something that leeches off of existing Illinois casinos. “Maybe a glitzy city casino would lure a few more Hoosiers and cheeseheads. But Indiana, Wisconsin, Iowa and Missouri all have plenty of casinos, limiting the potential market of day-trippers.” And, it argues, casino gambling may cannibalize existing revenue streams like major league sports and a stellar theatre scene.
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