Quote:
Originally Posted by Tom In Chicago
This site is too close to Michigan Ave. Unless this "casino" is some sort of "resort destination" facility that can be built into a mixed use building with retail/restaurants/hotel and even apartments/condos in some mega structure, I'm not really seeing it. . . and the busses from Chinatown would clog downtown streets. . .
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No such thing as too close to Michigan Ave. The site is probably tight for what most casino operators would prefer, but the revenue potential per gaming position would be insane. You could make more money at that site even with less floor area, compared to more marginal sites in the downtown fringe.
I imagine it would be sort of a megastructure, yeah.
-Loading and parking on Levels 1 & 2
-dining and shopping on Level 3 (i.e Upper Michigan level) with connection to Nordstrom and North Bridge.
-gambling on levels 4 & 5
-structural capacity to add a hotel tower on one end and residential on the other end in future phases (like how they built Marquee at B37)
-improvements to the multi-level streets (stairs, elevators, etc) to provide a graceful transition between ground-level River North and elevated Michigan Ave
Not sure Chinatown needs to run buses for this site, since the Red Line at Grand is literally a block away with direct rides to Chinatown AND Argyle area. Just have the casino comp CTA passes.
It's not like this is a bad location for conventioneers either, since a TON of them stay at Hyatt Regency, Sheraton, Marriott, etc. in big room blocks and use buses or rideshare to get to MCP. But it doesn't depend on them exclusively - the casino doesn't suddenly post a loss after the Housewares Show moves to Orlando or whatever.