sparks wrote:
mattlap wrote:
justcallmetommy wrote:
new chicago administration, deep very deep holes in their pockets, the Illinois State Tax increases took what ever taxable option away from chicago, their only way out is gaming.... Hammond, E. Chicago & Gary are the blue prints on how to steal money.
Only the City doesn't decide on the casino license expansion. The State does. The City has not been able to get gambling expanded under 2 straight Democratic Governors with the Daley Machine and Clout. Rahm is a nobody when it comes to building a political machine yet.
The state legislature wants to force austerity on Chicago the same way Indianapolis does on NW Indiana. They are going to do no favors for the city of Chicago. The last go around ...those pushing gambling expansion were looking for 7 additional casino licenses. It's never going to happen.
And just what Casino company is going to invest in a Casino in Chicago and operate it? Name who you think the Casino operator is going to be .....
One of the reasons why Chicago hasn't received a casino license in the past is that Mayor Daley demanded municipal ownership of the license. Emmanuel is demanding the same thing. Your post reveals how little you know about the subject. Here's a link. Check it out and get back to me.http://www.igci.us/blog/Daley wanted ownership, but to bid out management of the casino. At the time he was looking outsource management to other casinos. He wanted whatever "partner" to pay the $800 licensing fee to the state with a proposed 50 / 50 split of the profits between the city and the managing casino operator.
In addition, government owned casinos have never been a success. Detroit and New Orleans both tried, and both casinos are shuttered and closed while other casinos thrive nearby.
So come back to me when you are smart enough to learn the true facts .......before you post things you apparently don't know the full story of.
http://www.beachwoodreporter.com/politics/daleys_casino_royale.phpQuote:
House Hearing on a Chicago Casino
(October 18, 2007, Chicago, IL . . . ) The House Gaming Committee held a six-and-a-half hour hearing on a proposed Chicago casino.
Paul Volpe, Chicago's Chief Financial Officer, pled the case for Mayor Daley. Volpe claimed that thousands of jobs would be created (1,800 construction and 1,900 casino jobs) in addition to 6,700 jobs at the services that work with the casino. Volpe made it sound fantastic. He did not tell how many of the construction and non-casino jobs would exist anyway.
Volpe asserted the city would only take on a casino if it was "profitable." The meaning of profitable remained undisclosed all day. He did state that the estimated $800 million license fee would not make the venture profitable. Later he stated that even one dollar was too much. That extreme statement left people feeling Chicago was being arrogant. Later it was thought a private operator might pay $ 2 billion for a license to operate a Chicago casino.
http://www.rrstar.com/news/x1302703509Quote:
Volpe’s remarks represented the most vocal support the Daley administration has made for a Chicago casino in recent memory. The Democratic mayor has long advocated a city-owned, privately managed casino that would funnel most profits to government coffers, but he has been cautious about endorsing particular bills.