Groot About to Drop the Ball?
The "smoke" part of Groot's "smoke and mirrors" is about to get blown away:
- With word on the odds of success for potential Chicago casino sites due this week, Mayor Lori Lightfoot said Monday she isn’t sure whether a gambling operator can make enough money given the upfront costs they must pay under the current state law.
Consultants at Union Gaming Analytics are expected to deliver their view of a city casino’s feasibility by Tuesday — and supercharge speculation about where a massive gambling hall could stand, and if it can make enough money to soften the city’s budget burden.
Quick answer - at any of Groot's five locations, it can't generate nearly enough revenue to make it even remotely desirable to any established gaming company. Here's why:
- Five potential South and West side locations are under review. But Illinois law requires a state board to suggest, based on Union Gaming’s findings, whether lawmakers should reconsider the terms attached to a casino operator license.
As it stands, state law would send one-third of a Chicago casino’s adjusted gross receipts to the city. Currently, the city casino operator also would have to pay a $250,000 application fee upfront, a $15 million “reconciliation” fee when the license is issued and up to $120 million in gambling position fees — which cost $30,000 each.
That might not make sense for a casino operator, Lightfoot suggested.
That's not a "suggestion" Groot - it's a guarantee with the losing sites you're currently evaluation. And that's not even mentioning the fact that this casino is about fifteen years too late to be the massive cash cow it could have been.
Put this thing where it will generate revenue, not votes. The votes will come as Chicago fixes it's busted bond rating, mends the pensions, retires debt and expands the economic footprint of the entire region.
Put this thing where it will generate revenue, not votes. The votes will come as Chicago fixes it's busted bond rating, mends the pensions, retires debt and expands the economic footprint of the entire region.
Labels: city politics
posted by SCC at 12:03 AM
78 Comments:
"The smoke part of Groot's smoke and mirrors
is about to get blown away..."
And the mirror part has the reflection of Groot's bare,
funny-shaped, hatred and hubris-filled, tragically comedic
ass now let out and fully revealed for all the world to see...
30 years too late for a casino...
Chicago is a shit-show...
Every penny that could be stolen,
HAS been stolen by Shortshanks and
Rahm al-Ghoul.
"The Police cost too much,"
will be their next gambit...
Look.
Point & Laugh.
Leave.
By the time these dumbfucks figure out how to hide payoffs and profits Beloit’s new casino will be open. Even a city like Beloit manages to have more brains than this stupid ass city.
Put some slots in the sterile area of O'Hare airport...
Put the casino in McCrook Place - try to at least take advantage of the Tourists w/o having them get car jacked, and killed on the South and West communterties...
The old Michael Reese spot is the only good choice. Lake front views, blocks from both McCormick place, the DePaul stadium and soldier field. Build a big hotel with the casino with a tram style transportation train into McCormick place and it will be a gold mine. Not to mention a drop off at McCormack place can also serve bears fans going to games staying at the casino and people drunk leaving the bears games wanting to gamble. Eventually connect that tram system with a further stop near navy pier and it’s an even bigger gold mine. There is already a huge open area of train tracks where the amtrack tracks are and they go all the way across the river and can have a stop about a block and a half from navy pier. Have a loop of the tram that goes west from the site also through china town and follows the red line L tracks into downtown with a few more stops making it viable for transportation around the city. This thing could be huge if they think big and make it accessible to downtown. The amount of tourist money that could get there with a free tram system is endless. No taxi cabs or Uber’s needed.. go to a tram stop and take a quick 10 min ride to the casino.. get done and take the free tram back into downtown.
Seriously, who would want to go to ANY of those west and south side locations? The "youths" will be waiting to rob you on your way there, or leaving the casino! And pity the poor tourists who don't know those neighborhoods!
There are people here already licking their chops to bring a casino here. They will drain more skim than when the Outfit ran Vegas.
The casino will be successful!
Just look at how well Atlantic City is doing!
How about two casinos?
One on the Southside for Groot and her posse, and one near the places tourists will actually visit (if things in Chicago don't get much worse)?
Can’t put it on the north side... north side has how many casinos just a stones throw from the airport. Rosemont and two other ones... goes to show you I don’t partake in that waste of time
I don't care where you put it, Im not going to visit any place designed to rob me legally. Chicago and Illinois are not smart enough to pour piss out of a boot. Enjoy your slide into bankruptcy.
Northerly island.
The former Airstrip.
Add some boat docks for folks from Michigan.
Can’t put it on the north side... north side has how many casinos just a stones throw from the airport. Rosemont and two other ones... goes to show you I don’t partake in that waste of time
8/13/2019 03:10:00 AM
Oh yeah? How much you want to bet? And I'll give you two to one odds.
GROOT'S
A Chicago Tradition
5 Area Locations
A Chicago casino will never make money once all the clouted and connected get to take their "share"
It also seems like McCormick Place was and will be the ultimate choice for these insiders. The City is just going through the motions of suggesting south or west side choices to ‘appease the community.’ When these 5 choices are revealed to be bombs, the leeches will storm in and say ‘Oh, I guess we’ll just have to go with McCormick Place...’
Wanna gamble?
Try walking across the street for a gallon of milk in Englewood!
Now that's a gamble.
Chicago and Vegas...Cleaner, safer, happier places when the mob ran them.
I haven't mentioned it lately, but I LOVE you SCC. You are spot on all the time. Thanks for doing what you do, not only being the police/retired police, but running this blog. Do you have a donation page? You've provided a lot of info/entertainment through the years....I still get a kick out of the "Let's Get Physical" thing you posted with Jody Weis.
Can someone please come up with something similar with Groot?
Signed,
Retired Copper who still checks in on what my poor fellow officers are enduring, and still praying for everyone's safety.
Plain and simple East McCormick place is the location.
The building is there!
The parking is there!
The Hotels are there!
The Mass transportation and expressways are there!
The question is can the city and state hold hands to get the marriage done?
Building was wired years ago for computers all that is needed is carpeting and some rooms built for bars and restaurants?
It is where Old Man Daley and the party wanted the first city casino.
Way too easy and not being looked at WHY?
JUst one question - can I smoke a spliff at the blackjack table?
Can’t put it on the north side... north side has how many casinos just a stones throw from the airport. Rosemont and two other ones... goes to show you I don’t partake in that waste of time
---
Ah Rosemont. SOme handsome gamblers in the Rosemont location.
Hey Fredo, The casino is not being built for tourists. Its being built to recoup the money from drug dealers and welfare money.. Put it in the ghetto , go to vegas cheap ass.
Casinos are so 1980’s. It’s over for this city. Daley the dipshit screwed the pooch on this as well as other things.
The casino will fail because loris people and folks will rob and harass anyone who goes there. Lori must give the community more free stuff in order to have the dummycrats elected. Lori is acting more and more like a machine scum. Again, when will Rahm lose his detail Lori? Also Eddie what about the cop who drove Rahm’s son back from Lollapalooza? Why isn’t that being investigated? Lori the lying reformer is turning into another Rahm but more racist.
When you are singularly focused on votes alone, everything else is secondary.
Save groots chosen locations for the city run whore houses and and dope dens that are the moral equivalent of a casino, and put the casino downtown right in the loop.
Yes, too late for a casino. Supply and demand Nothing is produced with gambling. Money goes from one pocket to another. Just picking your money away.
Goose Island. Think about it
off topic here, but I just have to make an observation. I truly believe Lori is an evil person. Not just incompetent. She has no soul. She makes Hillary look like a hoot.
Dead eyes. black eyes. like a doll's eyes.
Why not just allow every bar in the city to have slot machines? Ooops, I forgot. No massive bribes coming in from the casino interests. Ummm, never mind!
Just Gimme my Retro Groot, and then climb back into your cave forever
This giant revenue gift sounds like it’s going to turn out to be very sad. A golden opportunity blown by unintelligent politicians. They keep talking about all these locations outside downtown when even a kid working a lemonade stand knows the obvious. IT HAS TO BE DOWNTOWN WHERE ALL THE PEOPLE ARE! It has to be convenient to get to and where people are spending money. All the tourists, business travelers, local businesses, restaurants, bars, and hotels are downtown. Use the lakefront. Take advantage of this unique opportunity People will travel from the burbs, out of state, and other countries to go to a downtown casino. They sure won’t if it’s somewhere else. There’s plenty of other casinos around.
But all democrats care about is votes.
Smokey And The Groot
It costs 60.00 to park at soldier field for any event,all casinos that i have been to offer "free parking" there is no way a chicago casino will let you park for "free" ....No Way will people travel and pay for parking,even if the casino gives you "promo cash" (5/10/20.00)and have to pay for parking,they will not come....
How about a red light district attached to a casino?
Both the tasteless dowd GrootFoot and maple-bacon JB are plotting the short term vote impact.
This is not about money for First Responder Pensions.
Put a casino, entertainment venue or a even factory/warehouse/logistics port (Amazon bailed here and NYC) in any sort in a rabid crime infested area will take decades to bring a decent return, if it doesn’t fail within five years. Granting many TIFs and tax incentives with investors, upfront broker commissions and banking transactions all get paid first too.
On the other hand, put in in a more vibrant area and it will it will turn into shitsville.
Interesting but also deceitful.
“The City is to get a portion of the adjusted gross receipts”...
that’s really called whatever’s left (for pensions).
Everyone taking there cut first, the investors, the bank loans, the house, taxes, the expensive operating costs, etc, the City pensions get the absolute last of what’s left of those “adjusted gross receipts”.
An exclusive City run casino is destined to fail - guaranteed.
This could be the executive plan, it sure has all the failings to insure a buyout, like ShortShanks had with the SkyWay, Parking Meters, Grant Park garage, almost Midway and maybe soon the Jardine Water Facility.
I’m sure optioning out any casino ownership rights is the real plan.
It’s as easy or easier as selling an IL Senate Seat.
The Gullible Grootie MacLightLoafer is an idiot and can be easily be sold anything so long as they put a community reference bow on it.
Screw the Groot
Stay Fetal.
Isn't McCormick place already a casino? Pay a bunch of ridiculous fees ($50 for a case of Sprite, three Teamsters to plug in a lamp) and see if you come out in the black.
So does anyone know if the city can just let the pension funds go bankrupt,everyone i ask in charge has no clue?!
She is gonna make this just like Detroit. They had to make a casino for the “impoverished area” and built the motor city casino which is in a hell hole part of the city. It is a beautiful casino but it is filled with the criminal element and get almost zero tourist dollars. Motor city casino revenue has declined year after year. They then got wise and realized they had to build one in the heart of downtown and built the Greek town casino which does almost 4 times more revenue as the motor city casino. The greektown casino is about half the size of the motor city casino but it is in the heart of the downtown tourist area and about two blocks from ford field and comerica park making it a huge destination on game weekends for tourists and residents alike who go to the games and stay downtown for a night or two after catching a game. This city will never look at the mistakes of other big cities thou, they will just pander for votes.
How many Building's have gone up in Chicago in the last 10 year's ? at least 150,The State is now collecting taxes on on line purchases this adds 2 Billion to the State Budget. And they Cry Poor.
Consultant just shat on all five potential casino sites. 0/5.
Chicago will fuck this up.
People don't come here to Chicago to gamble or tour the west/south sides. These people are going to screw things up royally.
If they put it near downtown Chicago it will be successful.
Put a couple million slot machines at ohare and midway airports. Slot make the most money? Yes? It’s a start
Anyone who thinks a Chicago casino will magically fix the pension is crazy. Watch Lightfoot and other pols like J.B., Durban, and Duckworth to announce any revenue generated will go straight to the schools and all the liberals will rejoice and say how wonderful it is. If even a cent goes to police pensions it will never get off the ground and will be protested more than the new police academy
Fed
This is a no brainer. Put it downtown where all the people are working, visiting, eating drinking, entertaining and staying in hotels. It could possibly be the most successful casino in America. Imagine if it were on the lake? The optics, the beauty, the intrigue, the convenience? Tap into the wealth downtown. Make it unique. Any other place it will fail. Location is NUMBER ONE!
It just goes to show how terrible the Chicago politicians are at running a successful city. The fact that they even named those 5 terrible locations is embarrassing. No where even close to downtown was mentioned. The one location with endless possibilities of taping into people spending money. No one will travel outside of downtown to gamble at a boring casino. There’s plenty of other things to do. And this is exactly why Chicago isn’t flourishing. Terrible people running it.
So where the mob want the Casino? That is where it will be in the long run. They are still active in Vegas Atlantic City and anywhere there is legit gambling. Do not kid yourself they will have the last say. It will be here and it will be unionized.
This is not newsworthy she always makes the wrong call. But that's OK as long as the taxpayers cover her mistakes.
What could go wrong with any of her locations.?
Wherever they build but your bottom dolladolla that taxpayers will be on the hook. They will guarantee profit to operator no matter what happens. So when it flounders you will be making up the loss in guaranteed profit. You will b3 told it is the only way to attract a casino operator. Remember the original Vegas skimming ? That trick was learned in the Windy City. Guaranteed there will be a net loss no matter how many people areally attracted to which ever site chosen. The Chicago Way will prevail from construction, operation and finally demolition. Pensions and schools will not see one red cent.
Was in Nashville recently. They have a beautiful, new convention center downtown. Bridgestone arena is downtown. 15 cranes in the sky. Numerous hotels being built. Couldn’t help but think of Chicago events moving to Nashville. Probably cheaper and less headaches. Definitely safer in Nashville. This mental midget is going to ruin this City.
I bet you that I can quit gambling!
TO 8:55am
There are already slot type machines in lots of places outside of Chicago proper. ALLEGEDLY pulling in millions to the state.
Where's the money going from those? Like the Lottery......"revenue will ONLY go to Education"......
There is NFW that any casino at any location (like the ridiculous 5 cited locations) other than Meigs Field, McCormick Place or
right smack dab in the center of downtown will be beneficial to Chicago's finances. Ain't no tourist or tax paying worker going to head out
unarmed into a casino right smack in the middle of The Killing Fields.
No casino for you, mayor what type of brainless dummy would pick these sites?
Proposed Chicago casino unattractive to investors because of ‘onerous’ taxes; South and West side sites wouldn’t draw tourists, says a state-hired consultant
https://www.chicagotribune.com/politics/ct-new-chicago-casino-feasibility-report-20190813-pworka5rzffhdme7yscb4e6n6a-story.html
This is a prime example of Mayor Lightfoot’s inability to govern and to look forward into Chicago’s future. Four of these locations experience violent crime committed by the residents of those communities which goes on unabated. In addition, the residents of those communities certainly do not need another outlet where they can blow their taxpayer subsidized incomes. With her resume, one would think that Ms. Lightfoot would be much smarter than she is making herself out to be.
Well Lori Lightweight will have to come to terms with the fact that the consultant saw it the way it is and shat on all sites she suggested for the casino. That is because they live in the real world and her social justice agenda has no traction.
Chicago should of had a casino 35-40 years ago!!!!!!!!!!!!!!
Rogers Park would be the best location.
Gambling does not generate wealth. It only moves it around. Thus it cannot revitalize anything. What gets collected from gambling simply is sucked out of economic activity somewhere else. No gain and with operational costs a net loss.
She is a SJW and will remain that way
I have no confidence whatsoever in this pie-in-the-sky “solution” ever getting off the ground . Our Chicago pols are so irredeemably greedy, bafflingly stupid, and cripplingly incompetent that potential investors/developers will flip a double bird, laugh in their faces and walk away.
Anonymous Anonymous said...
Gambling does not generate wealth. It only moves it around. Thus it cannot revitalize anything. What gets collected from gambling simply is sucked out of economic activity somewhere else. No gain and with operational costs a net loss.
8/13/2019 04:51:00 PM
You’re a moron. You’re probably the same person that gives 75% of your income to some corrupt church.
The Murder Mayor is covering herself again. She's keeping her promise for investment on the south and west sides. Knowing all along the five sites she picked are shit choices. Furthering the faulty plot they bring in a consulting firm that confirms these are shit sites and provides her a plausible way out. I tried, I really, really tried but its the consultants who are to blame not me. It's the Chicago Way.
Now lets gets down to business and where in the downtown area are we goona put this "Golden Cash Cow" and make some real money for all of us. McCormick, the Pier, cut a deal with one of the "Machine" real estate companies, where's Burke when you need him, Vanneck?, what's the Pig in Springfield like. What does Mikey, Cullerton and the "Combine" think? What are the Unions saying, the Outfit (UHHH, I didn't say that, right?). What's your pleasure. Hey everybody remember this is gotta look ligit. Right?
"I got this thing here and it's f'in golden". Rod, Rod is that you? OMG. When did you get out of the joint?
Desplains,Illinois has the Rivers Casino,Elgin has the Grand Victoria,Joliet and Aurora have Holywood Casino. Chicago waited too many years to get a casino !!!!
For all those knocking Lori, normally, I agree. But in this instance, she wanted it downtown all along. Jumbo Pretzel didn’t. So they had the feasibility study to prove him wrong. I still don’t like her, but she did this one right. State of Illinois Building or Navy Pier it will be.
Anonymous said...
Consultant just shat on all five potential casino sites. 0/5.
8/13/2019 11:10:00 AM
"PAID" consultant... So who actually got
shitted on real hard other than the taxpayers?
While the consultant was shittin', a bad dog should've
been biting him in his over-paid, lick-hittin' ass.
Walk out the front door of Harrah’s in Joliet. You will be standing out there all alone. By yourself. Everybody else parks in their lot and goes in. You will be alone out there. Alone.
Yeah lets build a casino on the west side, so if you dont lose your money inside, you will lose your money outside when robbed by some neighborhood thugs while walking to your car.
So does anyone know if the city can just let the pension funds go bankrupt,everyone i ask in charge has no clue?
So far the answer seems to be that they can. Ironically, the pension fund trustees refuse to avail themselves of at least one means of improving funding that is readily available. One has to wonder why.
while it is true that in some respects gambling does not make any money does generate revenue for taxing bodies. One could argue that any form of recreational activity has the same issue.
Old post office would work for casinos
Anonymous said...
Rogers Park would be the best location.
8/13/2019 04:32:00 PM
You must be a RPR. Too far and only one semi-highway in.
From the article:
"Currently, the city casino operator also would have to pay a $250,000 application fee upfront, a $15 million “reconciliation” fee when the license is issued and up to $120 million in gambling position fees — which cost $30,000 each."
--------------------------------------------------------------------------------------------
Michael Corleone would simply have Lightfoot pay it.
"Mayor? You can have my answer now, if you like. My offer is this: nothing. Not even the fee for the gaming license, which I would appreciate if you would put up personally."
The little girl from OHIO fumbled the casino ball by playing cute with BIG MONEY. Coming up with five sites where gang bangers, dope slingers, shootings and murders, rape, robbery and carjacking are routine activities everyday. This moron comes up with shite hole sites thinking the money folks are coming to any of these sites and gamble. You actually believe your own bullshit.
Hey dumbbell, all that social justice, reform, accountability and reckoning bullshit you peddle in the Community buys into is just that - Bullshit. You still don't understand the "Machine". We'll let you play Community reformer and "getting even with the man" BUT don't fuck with Real Money. Just go sit in the corner with your "Reformer Hat" on and peddle social justice to the Community. We'll call you when we decide where the casino goes and we get the papers ready for your signature. Now go peddle your shit or go back to Ohio.
Ralph Papa Thorson Says:
Why not just build scattered-site Mini Casinos like all the bars and restaurants have in the suburbs? Just convert old vacant city buildings and start with just a few in different corners of the city to see how it goes, then add on slowly if successful ?
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