Bronx, New York: Local Community Board Expresses Opposition to Bally's Proposed Casino Project
Let's Talk Bally's Gaming Resort Bid: Bronx, Baby!
Bally's Corporation is on a hot streak, joining over a dozen other heavyweights vying for a casino license in the bustling city of New York. With only three licenses up for grabs, every bidder is eager to land a jackpot.
Their proposed project, a grand hotel and casino resort, is slated for development smack in the Bronx. However, their vision received a lukewarm welcome at a recent community meeting, where opponents swiftly dealt Bally's a hefty blow.
Bronx's Community Board Axes Bally's Project
Bally's seeks to breathe new life into the land adjacent to the former Trump Golf Links at Ferry Point. The planned redevelopment promises to sprout thousands of jobs, offer economic stimulus, and generate huge tax revenue.
But Bally's high-stakes gamble met with a hard truth during the Community Board meeting. When the Board debated the proposal, an astounding 78% said adios to Bally's grand vision, with ascore of 29 to 5 against the project. The Bronx Times had the scoop on the nail-biter.
The gathering quickly turned into a powder keg, with local residents passionately voicing their apprehensions. Night fell heavy as tensions escalated, eventually leading the meeting to be cordoned off to the public, though the press were allowed to stay.
In the wake of the nearby community's disapproval, Bally's revealed it had devised a sweet deal for Bronx citizens: they might sell up to 10% of the casino stake, giving residents the chance to invest, and pledged up to $10 million per year to various community programs in the Bronx.
Bally's Stands Firm on Bronx Ambitions
As Bally's outlined the breathtaking benefits of the casino resort, local naysayers expressed concerns about increased traffic and crime, and in effect, the destruction of valuable parkland. While Community Board 10's decision marks only the initial step in the licensing process, Bally's remains resolute in its pursuit of winning the Bronx's approval.
Executive Chairman, Soo Kim, vowed Bally's commitment to the Bronx project is unswerving, stating, "We appreciate having had the opportunity to discuss our project proposal with the community, and we're grateful for their engagement in the process."
Interestingly, Bally's generosity extended beyond the casino hopefuls, as they recently rescued the historical Preston High School, a Bronx Catholic school, with a cool $10 million donation. The school now leases the property from Bally's for $1 per year over 25 years, boosting Bally's local standing.
There's still a long way to go for Bally's Bronx venture before it can hit the jackpot, with the project facing intense scrutiny at every level. Keep your eyes peeled for more updates on this thrilling saga unfolding in the heart of the Big Apple!
In a bid to expand their casino-and-gambling empire, Bally's Corporation has proposed a casino-games resort in the Bronx, New York, as part of their effort to secure one of the three available casino licenses.
The heated debate over Bally's project, situated adjacent to the former Trump Golf Links at Ferry Point, divulged alarming numbers during a Community Board meeting; an astounding 78% opposed the project with scores of 29 to 5 against it.
With a planned investment of up to $10 million per year to various community programs in the Bronx and the offer of selling up to 10% of the casino stake to local residents, Bally's remains steadfast in its casino-culture endeavor, vowing to remain committed to the Bronx project.
The controversy surrounding the project has not deterred Bally's, as they have shown their responsible-gambling commitment by rescuing the historical Preston High School with a $10 million donation, furthering their influence in the city's general-news landscape.
The outcome of Bally's casino-games resort bid faces intense policy-and-legislation and political scrutiny, with upcoming trends in gambling and casino-personalities playing crucial roles in determining the fate of the project in the heart of Las Vegas-style gambling, the Big Apple.
