Bally’s Exercises Relocation Option for Printing Plant on Future Casino Site
Bally’s has exercised a relocation option to force Tribune Publishing to vacate its mammoth River West printing plant to make way for a casino, the Chicago Tribune reported.
The relocation notice, delivered several weeks ago, will end a four-decade run for the Freedom Center printing plant, which is slated for demolition to build a $1.74-billion casino complex in its place along the Chicago River.
However, Tribune Publishing will have up to two years to find a new location for its plant before the casino breaks ground, Bally’s Chairman Soo Kim said. And Bally’s will have to chip in to fund that relocation.
“We have time,” Kim said. “The plant could have between one and two years before we put a shovel in the ground.”
Rhode Island-based Bally’s won a heated competition to build the Chicago casino, securing final planning and zoning approval from the city in December.