Bally’s Bronx New York City Casino Resurrected After NYC Mayor Vetoes Council Decision
- NYC Mayor Eric Adams has vetoed a City Council vote
- The Council voted against a land-use application from Bally’s Corp.
- Bally’s is seeking to build a casino resort in the Bronx
Bally’s Bronx is back on track after New York City Mayor Eric Adams overturned a City Council decision rejecting the company’s plan to rezone part of the 222-acre city-owned Ferry Point Park and golf course. This substantial development is expected to create significant economic opportunities for the Bronx.
Earlier this month, the NYC Council voted 29-9 against Bally’s Corp. seeking to develop part of Ferry Point Park. Bally’s has managed the Jack Nicklaus-designed golf course under the Bally’s Golf Links brand since obtaining management rights from The Trump Organization in 2023 for approximately $60 million.
On Wednesday, Mayor Adams announced his veto, asserting that each borough should have equal opportunities for economic development through casino resorts. He stated, “The City Council’s decision to treat the Bronx differently than other boroughs undermines support from local officials and sends the wrong message to the community. By rejecting the land-use application for this casino bid while approving three others in Manhattan, Queens, and Brooklyn, the City Council is putting its finger on the scale. This type of action can erode trust in our elected leaders.”
Mayor’s Motivations
As November elections approach, Mayor Adams faces pressure to justify his decision-making. Bettors on Kalshi, a political wagering exchange, give Adams only an 8% chance of winning re-election. Meanwhile, New York State Rep. Zohran Mamdani (D-Queens) appears to be the frontrunner with an 80% chance.
Adams has positioned his veto as an opportunity for the Bronx, aiming to promote economic development through multibillion-dollar casino projects that promise ongoing tax revenue and job creation. However, allegations of ulterior motives have arisen, noting that Adams’ campaign lawyer, Vito Pitta, is associated with the Bally’s Bronx bid. Additionally, Adams’ former chief of staff, Frank Carone, has ties to the project.
Adding further intrigue, speculation suggests that should Adams lose the November election, he may seek a role within President Donald Trump’s administration. Trump’s business empire stands to benefit from a $115 million payment if Bally’s gains casino privileges on the Ferry Point Park site, a consideration included when the Trump Organization transferred the golf course management license.
The Bid Continues
Following Adams’ veto, Bally’s Bronx moves forward to the Community Advisory Committee, which comprises six members who must unanimously vote in favour (4-2) of the $4 billion project before it can advance to the New York Gaming Facility Location Board for a decision.
Republican City Councilor Kristy Marmorato, who represents the Bronx and was one of the leading figures against Bally’s land-use application, continues to oppose the casino project vehemently. “We stand with our constituents, rejecting this development that purportedly brings economic benefits to surrounding areas but does little for the neighborhoods impacted,” Marmorato stated after the veto. The City Council can override a mayor’s veto with two-thirds support, requiring a total of 34 votes.
Key Facts & Lists About Bally’s Bronx Development:
- Proposed Investment: $4 billion
- Location: Ferry Point Park, Throggs Neck, Bronx
- City Council Vote: 29-9 against Bally’s Corp proposal
- Management Rights Acquired From: The Trump Organization for $60 million
- Expected Benefits: Increased tax revenue, job creation, and economic opportunities
In summary, Mayor Adams’ recent veto has reignited hopes for Bally’s proposed casino in the Bronx, signalling a potential economic boost for the region. However, the path forward remains fraught with obstacles, as community sentiments and political motivations play out in the coming months.