Homewood Issues Request for Casino Proposals

Homewood is one small step closer to getting a casino, according to a press release from the village.

Last Friday, the joint team of Homewood and East Hazel Crest issued what’s called a Request for Qualifications and Proposals (RFP) last Friday. As a result, casino companies will now compete to offer the best package proposal for our area.

“The villages intend to select one successful applicant, enter into best-and-final negotiations, and enter into a Project Development Agreement to prepare for the Illinois Gaming Board license application process,” said a press release from the village. The villages intend to have the site developed into a long-term, quality gaming and entertainment destination with associated lodging, parking, and dining amenities.”

Casino companies will have until March 31 to submit their proposals and those who respond will give a public presentation on May 6. A public comment period will begin the next day and last through the next ten days, until May 17. The village plans to announce their new casino partner on May 29. These timetables, however, are subject to change.

Despite the RFP, no legislation exists yet that can offer the villages a gambling license. Rather, partnering up with a casino before a license exists will help ensure the associated casino company will reimburse Homewood for any expenses incurred throughout the process—regardless of whether a license is eventually issued or not.

The village is directing all additional questions regarding the RFP to Barnes & Thornburg, LLP representative Craig S. Burkhardt at cburkhardt@btlaw.com.