It’s a bust: Another bad bet on a NYC casino
The week started with the implosion of the casino proposal at the Bally’s golf course in the Bronx. On Monday, the City Council voted against the operator’s request for zoning changes that were necessary to turn a portion of the city-owned golf course at Bally’s Golf Links into a $4 billion casino complex, complete with a 500-room hotel and 2,000-seat entertainment facility. Without the zoning changes, Bally’s lacks a path forward in the state’s competition for one of three downstate casino licenses up for grabs. Bally’s Chair Soo Kim said the vote was “incredibly disappointing” and that the company was […]This article originally appeared on The Real Deal. Click here to read the full story.
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