NYC: Bally’s moves one step closer in Bronx casino bid
The City Council voted to advance the project proposal.
Key Points
- Bally’s wants to use the former Bronx golf course property as the site for its casino
- The “home rule” message has gained support from Mayor Eric Adams
The New York City Council has recently passed legislation that would give Bally’s the greenlight to use space at the former Bronx golf course for its casino project, according to a recent report in the New York Post.
Bally’s construction plans for the Bronx site include a 500,000-square-foot casino, 2,000-seat event center, a 500-room hotel with a spa and meeting space and retail shops, as well as two parking garages with up to a 4,660-vehicle capacity.
New York Mayor Eric Adams voiced his support for the Bally’s project. The mayor issued a formal message to the council in support of the Bally’s initiative.
According to the local report, 26 council votes are necessary to pass legislation with support from the mayor, which is considered “a simple majority.”
The council advanced the proposal by a 32-12 vote. Seven council members abstained.
Bally’s recently offered residents in The Bronx a piece of the investment action through an effort to secure a bid for a casino license to open a facility in the neighborhood.
The offer would allow residents to purchase shares in the casino entertainment destination.
In addition to the share buying offer, Bally’s said it “is pledging that at least 1% of its gross revenues from the casino will go to community benefits programs in The Bronx” if it is awarded the license.
This could generate $10m per year or $100m during the next decade, according to local reports.
Bally’s said it plans to use these funds for NYCHA and community housing, schools and PTAs, mental health and substance abuse programs, and to help support the local cable TV outlet, BronxNet.
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