Bally’s New York Casino Rezoning Clears State Legislature
Summary
Bally’s New York casino project has taken a significant stride forward as the New York State Senate and Assembly have passed essential rezoning legislation. This is critical for Bally’s plans to establish a casino-resort on its Bally’s Links golf course in Ferry Point, close to the Whitestone Bridge.
The rezoning legislation, backed by key local legislators, has now reached the Governor’s desk, with a bid submission deadline looming on 27 June.
Key Points
- The New York legislature has passed crucial rezoning bills enabling Bally’s to proceed with its casino proposal.
- Bally’s aims to build a $4 billion casino-resort, putting its bid in competition for one of three available downstate licences.
- The project has faced some local criticism but gained vital support and legislative backing.
- Only two bids are currently ready without needing further approvals, amidst a competitive field.
- The financial viability of Bally’s project raises concerns given its current debt and past financial hurdles.
Why should I read this?
If you’re intrigued by the evolving landscape of gaming in New York, this article is a must-read! Bally’s recent legislative win could reshape the state’s casino scene. It highlights important developments that could impact gaming regulations, competition, and funding dynamics in the area. Stay informed on how this unfolds!