Bally’s Corporation Faces Uncertain Future for Bronx Casino Resort
The Bally’s Corporation’s plans to construct a casino resort at the Ferry Point Golf Links in the Bronx could be in jeopardy following Republican Kristy Marmorato’s surprise victory in last week’s election. Marmorato will take office on January 1, 2024, and has voiced opposition to the Bally’s Corporation’s proposal.
Rhode Island-based Bally’s is vying for one of the three downstate casino licenses expected to be granted by New York officials next year. The company has outlined plans to build an integrated resort at the Ferry Point golf course, but Marmorato’s victory has cast doubt on the project’s future.
Marmorato’s upset win saw her defeat incumbent Marjorie Velasquez, who had previously supported the Bally’s proposal. The incoming council member has cited environmental concerns as a key reason for her opposition, noting the high rates of asthma in the Bronx and the potential for the casino to create environmental problems.
The Ferry Point Golf Course sits on a former landfill that was repurposed for redevelopment, and the location has a complex history. The property was transferred to the New York City Parks Department, and a plan to build the golf course was initiated in 2000. However, the project faced numerous delays and environmental challenges, including methane gas emissions from the old landfill.
The Trump Organization operated the course after being granted a lease by the city, but Bally’s recently acquired the lease for a substantial $60 million. Despite the corporation’s significant investment, its future prospects in the Bronx remain uncertain.
The New York Gaming Facility Location Board will determine which applicants receive the three downstate licenses, and the odds currently favor other contenders. Bally’s will need the support of the Community Advisory Committee (CAC) to qualify for review, and Marmorato’s presence as the Bronx’s new councilmember could further complicate the company’s efforts.
With support from government officials and community representatives essential for the success of the casino bid, Bally’s will need to address Marmorato’s opposition and navigate the complexities of the application process to realize its plans for a Bronx casino resort.