Bally’s still in New York casino race after council approval
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Through its nonprofit arm, Bally’s has tried to garner local support, funding a free bus shuttle service between the golf course and Hutchinson River Parkway. And with the help of Attorney General Tish James, Bally’s purchased Catholic all-girls Preston High School that was headed for closure for $8.5 million. Adams has vowed not to publicly criticize Trump, whose Department of Justice earlier this year dropped criminal charges against the mayor that had included wire fraud and bribery. Fowler, the mayoral spokesperson, said there was no connection between that private agreement and Adams’ support for the project moving forward. The mayor provided a message of support on Wednesday, that lowered the threshold for passage of the home rule resolution from 34 votes, or two-thirds of the Council, to a bare majority of 26 votes. Bally’s accepted deposits from 1,500 investors starting in December, but wound up refunding them in February because the SEC had yet to approve of the IPO, the Chicago Sun Times reported.
They’re looking to build a $4 billion casino hotel smack in the middle of Times Square, including 250,000 feet of casino spread across eight floors, along with a 950-room hotel. New York Mets owner Steve Cohen, in partnership with Hard Rock, wants to build an $8 billion casino, hotel, and live music venue in the shadow of Citi Field. The second racino, this one located at Yonkers, is owned by MGM. Empire City is floating a $2.2 billion project, with a 5,000-seat arena, new dining options, and a 9,000 square-foot sportsbook. While there is some minor opposition to building out the property, it probably won’t matter.
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