With Full House Resorts American Place temporary casino scheduled to open early this year, Waukegan is getting a better idea of some of the benefits which will accrue to the city as each phase of the development evolves over the next five years.
Before the council met, its Community Development Committee unanimously recommended approval.
“Through January, Full House will be undergoing final inspections and licensing with the IGB,” Weiss said, referring to the gaming board. “The state gambling license is the last thing. We are approving the final documents to allow them to commence operations.” “This is a pretty significant real estate transaction,” Weiss said. “It could take 20 years to build out. Most development agreements are for a few years. Right now, we think it could take seven or eight years for the planned phases, but this could become a full entertainment complex.”Weiss said if Full House elects not to build the large hotel, the development agreement requires it to make a $50 million investment in an “alternate amenity.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Illinois House committee passes assault weapons ban, advances to full HouseBREAKING: The Illinois House committee has passed an assault weapons ban bill Thursday night, which will now advance to the full House for a vote.
Read more »
House Freedom Caucus to nominate Byron Donalds for House speakerFox News Digital has learned that the House Freedom Caucus will nominate Rep. Byron Donalds, R-Fla., as nominee for House speaker.
Read more »
Conservative heavyweights call for new House GOP leadership after McCarthy failed to clinch House speakerA group of nearly 50 conservative heavyweights co-signed a statement Wednesday supporting lawmakers who voted against Kevin McCarthy in his bid for House speaker.
Read more »
The Only Good Thing to Happen to Kevin McCarthy Yesterday Was Wiseguy PizzaThe wannabe House Speaker's office wheeled in a dolly cart full of pizzas last night. 🍕🍕🍕
Read more »