Bally’s has unveiled refreshed plans for the Bally’s Chicago Casino permanent site that features a planned 500-room, 34-story hotel tower $1.7 billion casino complex.

In newly released renderings, the future Bally’s Chicago Casino will now feature its hotel tower on the southern end of the casino development nearest Ohio Street along the Chicago River instead of the northern side as previously planned. The move comes after the city official raised concerns earlier this year about water pipes along the Chicago River being damaged if the hotel were to be built at the originally planned location.

Bally’s and Gaming and Leisure Properties, Inc. have entered into a binding term sheet for $940 million construction funding facility for the Chicago project, along with other financing transactions, that together GLPI expects to fund $2.07 billion to Bally’s. GLPI and Bally’s have agreed to a strategic alliance for the development of the Chicago casino and hotel tower construction. The renderings of the improved site plan were prepared by HKS, a global design firm with an office in Chicago.

“With keys to the property in hand, the new financing secured, a site plan that exceeds the original, and demolition set to start this summer, let there be no doubt that Bally’s Chicago Casino and Hotel will soon rise up along the Chicago River.”

George Papanier, President at Bally’s