September 11
Developers have finally laid their chips on the table as plans for the hotly anticipated development of a new casino in Waukegan, Illinois have been unveiled by the city.
The development, which is slated for the suburb to the far north of Chicago, is among six locations that are in line for new casinos after historic gambling expansion legislation was passed into law earlier this summer in Illinois.
In total the city received six proposals for the Waukegan site.
However, two of those are linked together, which means that there are currently five competing plans to be considered.
Each of those plans offer a snapshot of the ambitious facilities that are proposed at the site of the shuttered Fountain Square shopping center at Lakehurst Road and Northpoint Boulevard, according to a report in suburban Chicago newspaper the Daily Herald.
The ambitious plans include everything from helipads and villas to fountains and cavernous concert halls according to a report in The Chicago Sun Times.
Though the documents released by the city are heavily redacted to protect trade secrets and financial information, they do still provide some interesting information about the proposed developments and what each of them might entail.
Some of the highlights include:
The City of Waukegan says that it is “working diligently to meet the state deadlines and hold necessary public hearings prior to making its determinations” on which proposal it will forward to the State.
The Chicago Sun Times reports that officials have confirmed that they will draft up a shortlist of two or three proposals to be presented to the Illinois Gaming Board by the of October. The state-run agency then has the final say on issuing the license which is set to cost the eventual winner $15 million to secure.
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