11/24/2023 0 Comments Hollywood casino aurora hoe![]() The boats were removed in 20, and the casino was put on barge that stays in place. ![]() The Hollywood Casino opened in 1993 on two riverboats downtown, when the state authorized gambling on moving boats. Penn still has to get final approval on designs and construction plans from the city. If the property taxes aren't enough to cover the loan payment in any year, Penn would have to make up the difference, according to the agreement.Ĭonstruction of the new casino isn't expected to start until 2024. The loan is supposed to be repaid, over 23 years, from the increased property taxes expected from the casino. The redevelopment agreement the city council approved last year calls for the site to be removed from its current tax-increment financing district and be placed into a new one. It has also agreed to lend Penn $50 million. The city is giving Penn land where two motels and a restaurant stood, off Farnsworth. Penn Entertainment says it plans to build a casino that includes a Barstool Sports sports-betting facility, a hotel and restaurants.
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