Chicago Casino: Answer to Problems? Or Cause of More?

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Chicago Casino: Answer to Problems? Or Cause of More? Powered By Docstoc
					Chica
				
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Description: For years, Chicago has faced an uphill battle to pay its bills. Mayor Richard M. Daley claims Chicago's problem is a revenue shortfall while others say it's a spending problem. To solve the problem, Daley proposed in 1992 to create a city-owned casino. He pushed for the idea again in 2004 when Governor Rod Blagojevich vowed to veto any bill authorizing such a thing. In 2007, it was proposed yet again and this time Blago is on the record as a proponent. The legislature is considering a bill which has the potential to triple the amount of legal gambling in the state, and touches on many avenues of gambling. Perhaps the most unique facet, though, is that it would create the Chicago Casino Development Authority which in essence, would make the city of Chicago the first U.S. city to own and operate a perpetual casino.
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