NYC Casino Deal on Track to Give Trump Millions for Nothing
Briefly

NYC Casino Deal on Track to Give Trump Millions for Nothing
""What happened when Trump got elected was the federal anti-corruption sheriff rode off into the sunset... What's left in its wake is this lawlessness. What we're seeing here is a clear example of what that looks like," John Kaehny, executive director of government watchdog organization Reinvent Albany, told Politico."
"At the time, Eric Adams characterized Bally's bid as "a $4 billion private investment that would deliver 15,000 union construction jobs, 4,000 permanent union jobs, and more than $625 million in community benefits-including millions in funding for schools, parks, youth programs, nonprofits, and public safety"to the Bronx."
"The Trump Organization sold the lease to the infamous "Trump Links" golf course in the Bronx in 2023 to the Bally's Corporation for $60 million. However, written into the deal was a condition that should the Bally's Corporation turn the land into a casino, it must pay the Trump Organization an additional $115 million."
The Trump Organization sold the Bronx "Trump Links" golf course lease to Bally's for $60 million with a clause requiring an additional $115 million if the land becomes a casino. New York City Council overwhelmingly rejected Bally's casino bid in July, but Mayor Eric Adams vetoed that decision, allowing the proposal to proceed. The mayor's veto prompted scrutiny because billionaire developer Steve Witkoff consults for Bally's and also serves as Trump's special envoy to the Middle East, creating potential conflicts. Adams' office denies improper motives and frames the bid as a multi-billion dollar investment promising jobs and community benefits.
Read at The Daily Beast
Unable to calculate read time
[
|
]