Bally’s Casino Proposal Moves Forward in the Bronx
A significant community advisory panel approved Bally’s proposal for a full-scale casino in the Bronx on Monday. This decision marks the third gaming initiative in downstate New York to proceed to the final review stage.
The panel voted 5-1 in favor of the ambitious $4 billion project, which is planned for a 16-acre site at Ferry Point. Later that day, another vote resulted in a 4-2 decision against a casino project proposed for Coney Island in Brooklyn.
Committee member Alex Porco, appointed by state Sen. Nathalia Fernandez, expressed his support, emphasizing that the project would bring much-needed economic independence to the borough. “I know how it feels when our borough is overlooked,” he noted.
Bally’s contends that the casino will act as a significant economic driver for the Bronx. The development is set to encompass 3 million square feet of gaming space, a hotel with 500 rooms, and a venue for events accommodating 2,000 people. The projected economic impact includes $1.5 billion annually for the Bronx and $1.9 billion for the state, along with $357 million in yearly taxes for state and local governments, according to the company.
The recent Bronx decision followed approvals for five other casino proposals this month. While plans in Yonkers and Queens have progressed, three proposals in Manhattan were rejected. All approved projects will be reviewed by the state gaming facility location board, which will select which proposals receive the limited downstate casino licenses.
Interestingly, the Bally’s project could financially benefit the Trump Organization. Currently, the Ferry Point site features a city-owned golf course, but Bally’s has already paid $60 million for its lease to Trump’s company. Should the casino be approved, an additional $115 million would be owed.
Despite initial setbacks following a city council resolution opposing the necessary rezoning, Mayor Eric Adams intervened by vetoing the council’s decision, allowing the proposal to proceed. This move drew criticism from council spokesperson Mara Davis, who cited a history of unethical behavior within the Adams administration.
