Bally's inches closer to its $4B Bronx casino after a $157M land deal for Trump's former golf course
New York Post
Bally's acquired nearly 20 acres in The Bronx for $157M to build a $4 billion casino resort on the site of Trump's former golf course.Summary
Bally's is progressing with its plans for a $4 billion casino resort in The Bronx after purchasing nearly 20 acres of waterfront parkland at Ferry Point Park for $156.6 million. The land, formerly home to a golf course operated by the Trump Organization, will house a 500,000-square-foot casino, a 500-room hotel, and a 2,000-seat entertainment venue. Bally’s has pledged over $160 million for park improvements in the surrounding area. Construction is slated to begin within 18 months, pending zoning approval, which faced previous political hurdles but was revived by a mayoral veto. The Bronx proposal was selected by the New York State Gaming Commission for one of three downstate casino licenses.
(Source：New York Post)