One week after taking possession of the Freedom Center printing plant, Bally’s has secured the needed financing to supplant it with a $1.7 billion Chicago casino complex on the 30-acre site in River West.

Bally’s announced a deal Friday with Gaming and Leisure Properties, a Pennsylvania-based real estate investment trust, to provide $940 million to fund the construction of the permanent casino.

In addition, Bally’s has also finalized redesign of its planned 500-room hotel tower, which has been shifted from north of the casino to the south to avoid damaging city water pipes along the Chicago River, pending approval from the city’s planning department.

“We’ve been working hard in the background to restore the full hotel tower for Bally’s Chicago Casino and absolutely intend to meet the September 2026 opening date as planned,” George Papanier, president of Bally’s Corporation, said in a news release Friday.

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