"The three remaining proposals Bally's at Ferry Point in the Bronx, Metropolitan Park/Queens Future at Flushing MeadowsCorona Park, and the expanded Resorts World New York City Casino at Aqueduct Racetrack represent $17.5 billion in total development. They stand to create nearly 3,500 new hotel rooms, thousands of permanent jobs, and billions of dollars in projected economic activity. Each proposal includes community benefits and infrastructure investments, including significant open space improvements."
"But casinos also carry real potential costs as well: increased traffic, shifting neighborhood dynamics, and a heightened risk of addictive gambling. These impacts are not abstract they will be felt most intensely in the communities where these facilities land. Moreover, currently, New York City will not receive a dime of the gaming tax revenue. Under state law, every dollar generated by the proposed casinos flows to Albany instead of City Hall."
The State Gaming Facility Location Board is expected to recommend up to three full-service casinos to the State Gaming Commission, with three remaining applicants located within the five boroughs. The proposals—Bally's at Ferry Point in the Bronx, Metropolitan Park/Queens Future at Flushing MeadowsCorona Park, and the expanded Resorts World New York City Casino at Aqueduct Racetrack—represent $17.5 billion in total development and would create nearly 3,500 hotel rooms, thousands of permanent jobs, and billions in projected economic activity. Each plan includes community benefits, infrastructure investments, and open space improvements. Potential benefits include boosted tourism, union jobs, and construction work. Potential costs include increased traffic, neighborhood shifts, and greater gambling addiction risk. New York City currently receives no gaming tax revenue; state law directs all casino revenue to Albany, leaving the city to bear social and infrastructure burdens unless the imbalance is addressed.
Read at www.amny.com
Unable to calculate read time
Collection
[
|
...
]