Quote:
Originally Posted by k1052
I honestly want to know who told the city they need 25 acres because that is just nuts. Rivers out in Des Plaines has about an acre of gaming space in I think an under 4 acre total floor area structure.
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https://www.chicago.gov/content/dam/...IResponses.pdf
“According to the 4 casino operator respondents, the minimum acreage for an urban casino is:
• 10 acres but such a small site would cause bifurcation of casino floor and amenities (multiple levels); to
avoid bifurcation of the casino floor and amenities, need for 20-30 acres;
• 15 acres (to accommodate 350,000 sq. ft. footprint);
• 14-20 acres; or
• 12-25 acres.
One real estate developer suggests minimum acreage of 5-10 acres.
Another real estate developer suggests the minimum acreage could be as low as 5-6 acres (allowing 40,000 to 50,000 sq. ft. baseline) and build vertically (7-9 stories). This respondent notes, however, that development costs will increase as the site size is smaller. This respondent assumes parking will be on land adjacent to the casino site.
The respondent proposing a location outside of downtown Chicago offers a site of 100 Acres”