Illinois: Waukegan city kicks off search process for casino developer

The great city of Waukegan has on Wednesday started the search procedures for developers of the new proposed casino which is authorized as part of the state’s recently affirmed and approved gambling expansion.

The request for qualifications and proposals was made available on Wednesday afternoon. The proposal requests for the estimated costs of development, estimated revenues that will be generated and ideas for where and how a casino should be built. This stage marks another important step towards the much-anticipated redevelopment for the great city of Waukegan.

 The city’s Mayor, Sam Cunningham said, he lay emphasizes and prefers to focus on “a very transparent and open process”. “A lot of eyes are going to be on Waukegan in the coming months, and so how we handle this is going to be critical,” he said, as exactly reported by the Chicago Tribune.

The city must decide and act fast as they have only 120 days to appear before the Illinois Gaming Board with an owner or operator who has meet up with the required standard to serve as an operator the proposed casino. In lieu of this, Waukegan has requested for proposals and asks potential developers and operators to table their ideas and visions for the proposal casino.

Illinois Gaming Board | Logo
© Illinois Gaming Board | Logo

Ideas include, where the proposed casino could go, what it would look like, numbers and types of gaming position, the plan for including sports betting, the physical structure of the space, parking plans and a description of associated facilities like entertainment options, convention center, restaurants, hotel and convention center. All Applicants were given deadline which they were told to strictly adhere to. The deadline is 3 p.m. on July 22, this is for the submission of their concepts and lay out.

The Mayor’s initial beliefs

Mr. Sam Cunningham is known to have repeatedly pointed out several times that the site at the Fountain Square shopping complex off routes 43 and 120 is a befitting and suitable home for a casino in the nearest future.

The city-owned sites in the downtown or the sites near the lakefront were also identified and marked in the documentation that was released on Wednesday. In addition, the Mayor said he initially chose to be “closed-minded” about the choice of location until recently, and while he believes the closeness and proximity to Expressways would be extremely important, he came into conclusion that it’s better to leave the possibilities open to the potential operators and developers.

In recent development, It was made known that the city is currently open to considering offers from privately owned and operated property. Following the bid documents. The city’s main goal is to choose a “financially successful development” that will generate a lot of sales and gambling tax revenues for the city of Waukegan. This is also expected to provide “significant number of quality jobs” to those who currently resides at the city. This will boost and increase the Waukegan’s property tax base.   

Note that potential developers will be entrusted with the tasks of quantifying the proposed casino advantages to Waukegan as well as Lake County and also not ignoring the neighboring communities of North Chicago and Park City. These communities will definitely play an instrumental part in the development of the proposed casino and will receive a portion of the local share of whatever the gambling revenue is. 

Geoff originally contributed to VegasSlots on a freelance basis before joining full time. Being great at gambling like the rest of the team, he understands and has the ability to create something new, even if its old. He’s also spends his spare time on FPS games.

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