NYC casino in Times Square? 8 projects battle to win license
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The State will choose who to award the license,” said Salamanca, who chairs the Council’s land use committee, said during the vote. Bally’s had agreed to increase a Bronx benefit fund from $10 million to $17.5 million, with a majority of the fund allocated to programs selected by Marmarato. Bally’s acquired the lease for the property from the Trump Organization with a grand plan to open a casino as well as operate a golf course. The Council typically — but not always — sides with the position of the local council member on land issues in his or her district. Marmorato said she stood with opponents opposed to the $4 billion project, despite last-minute offers from Bally’s.
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Despite the Board 13’s expressed opposition, Thor COO Melissa Gliatta believes the company is slowly bringing people around to the proposal with the prospect of jobs and tourism dollars. Cohen and Hard Rock believe the casino could produce $3.9 billion in annual revenue within the first three years after opening. After initial resistance, the Council gave the go-ahead for the state Legislature to pass a law allowing Bally’s to use part of the golf course for a betting facility. But Queens Francisco Moya, who represents Queens communities around the proposed Queens casino site, supports the Cohen-Hard Rock bid, paving the way for broader Council backing. “This application we’re voting on will not grant Ballys a gaming license….