Bally's proposal for a casino in the Bronx includes a unique investment opportunity for local residents, allowing them to own up to 10% of the project, starting at a $250 investment. The casino, designed to be a significant entertainment hub next to Ferry Point golf course, will encompass a vast space with a hotel, event center, and retail. As New York State prepares to award three casino licenses, the competition remains fierce, with other notable candidates like Mets owner Steve Cohen seeking a license near Citi Field. Yet, Bally's must navigate additional zoning changes and legislative processes to realize their plans.
Bally's Casino in the Bronx offers New Yorkers a chance to invest in their local casino project, allowing residents to buy up to 10% for as little as $250.
The casino, positioned next to Ferry Point golf course, will feature a large casino, hotel, and event space, promising local economic returns alongside entertainment.
The state plans to award three downstate casino licenses but faces competition from other bidders, with Cohen vying for a license near Citi Field.
While Bally's proposal is innovative, it still requires zoning approval and faces legislative hurdles before the project can move forward.
#ballys-casino #new-york-casino-bidding #local-investment #downstate-casino-licenses #economic-development
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