Aurora Residents Worry a Looming Recession Next Year Could Spell Trouble for New Casino Bond
Aurora residents say a near-certain recession creates too much risk for the city’s plan to provide bond money to Penn Entertainment to build a new casino and hotel near I-88 and demolish Hollywood Casino downtown. The city says the additional tax revenue from the new development will pay the bond and any shortfall will be covered by the company.
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See the schedule, budget and casino’s obligations in the redevelopment agreement below:
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