CHICAGO (CBS/AP)-- Mayor Lori Lightfoot on Tuesday agreed with a brand-new expediency study, saying the state statute that licensed gambling enterprise gambling in Chicago would make it impossible for a casino driver to be successful.
" The method which this tax framework was put together, it can not be done," Lightfoot said at a Tuesday afternoon news conference.
Lightfoot's remarks came in reaction to an independent expediency study commissioned by the Illinois Video Gaming Board. The record wrapped up, and Lightfoot concurred, that "gaming growth regulations that permits a gambling enterprise in the City of Chicago is extremely difficult from a tax obligation and also fee viewpoint" and also likely can not be financed under the structure wants.
Under the regulation, a Chicago casino operator would certainly have to pay a $250,000 application cost upfront, a $15 million "settlement" charge when the certificate is provided and also approximately $120 million in wagering placement fees.
Economists have claimed the upfront tax settlements embedded right into the online casino law wouldn't allow for a gambling enterprise operator to be successful.
PRESS OCCASION: Mayor Lightfoot joins members of press. Tune in https://t.co/9M0wJO65fP
-- Mayor Lori Lightfoot (@chicagosmayor) August 13, 2019
Lightfoot claimed she was dedicated, together 리얼카지노 with Gov. J.B. Pritzker as well as legal leaders, to agree upon a structure for financing a Chicago online casino "that would in fact work."
Lightfoot likewise highlighted some positives in the feasibility research that would certainly benefit the state along with the city, consisting of "the unbelievable upside potential of a casino in Chicago that will tower over the profits that have actually been produced by any type of various other gambling establishment in the state by numerous sizes. So obtaining this right remains in everybody's passion-- not just Chicago. This is something that is going to create-- if it's done right-- substantial incomes for the state."
Lightfoot on Tuesday likewise introduced the outcomes of a first public study, in which Chicagoans were asked to list their choices for leading concerns for the brand-new gambling establishment. More than 10,000 residents joined the survey-- which weighed the suitable location of a casino, whether near or much from downtown, near Lake Michigan or the Indiana state line, near public transportation, or where a gambling enterprise would certainly be most profitable.
The biggest percentage, at 36 percent, stated the ideal area is near midtown.
Study individuals were additionally asked one of the most essential consider picking a website for a casino site, and also what services they would love to see developed with a casino. Restaurants came in first at 58 percent, followed by theater/live amusement at 51 percent, and also a resort at 41 percent. Reasonably couple of revealed interest in an amusement park, golf course, or gym.
At the same time, a total amount of 73 percent of respondents claimed boosted tax obligation earnings is the most 마이다스게임 essential benefit of opening a Chicago casino, complied with by raised employment at 55 percent.
As to problems about opening a casino in Chicago, boosted traffic jam came in initially at 55 percent, adhered to by wagering addiction at 47 percent.
Five potential casino websites were shortlisted previously by the Lightfoot management-- the former Michael Reese Health center website at 31st Street and also Home Grove Opportunity; Pershing Road and also State Road; Roosevelt Roadway and Kostner Avenue; Harborside at 111th Road and the Diocesan Ford Highway; as well as the former U.S. Steel website at 80th Street and the new Lake Shore Drive.
The feasibility study addressed the capacity of a casino site at each of those locations.
Yet Lightfoot claimed in the meantime, fixing the tax obligation concern is more important than anything to do with the website. She said all the websites now on the table have been bandied concerning as potential gambling enterprise websites for several years.
" There's no location or combination of features that makes this offer one that can actually get funded," the mayor claimed. "That's precisely the factor that we made to the legal people who were putting this with each other. And currently, I assume we've got a conclusive, independent judgment that makes that clear."