Bally's Corporation seeks to secure one of three downstate casino licenses by proposing a $4 billion hotel-casino complex in Bronx's Ferry Point Park, accompanied by a $625 million community benefits package. This investment, the largest in the Bronx's history, aims to enhance local economic growth and cultural enrichment while offering Bronx residents up to 9% equity in the project. Bally's also plans to contribute a minimum of $10 million annually to local schools and community programs, emphasizing its commitment to becoming a long-term partner in Bronx's development.
Bally's Corporation's proposal for a $4 billion casino and hotel complex in the Bronx includes a $625 million community benefits package aimed at local development.
The community benefits plan enables Bronx residents to invest as little as $250 for up to a 9% stake, fostering local ownership.
#casino-development #bronx-community #economic-investment #local-business-support #public-private-partnership
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