Bally’s Bronx Casino plans are underway with a focus on economic growth and community impact. The development is poised to provide substantial economic benefits to the area. For more insights into similar projects, check out our article on the impact of casino revenues on local economies.
“This isn’t a plan on paper. This is a ready-to-go development with community at its core,” stated Bally’s Corp. Chairman Soo Kim while presenting the details of Bally’s Bronx project. The proposal involves a $4 billion investment with $2.5 billion in committed resources and assurances from major U.S. investment banks.
Bally’s Bronx Casino: Economic Impact and Job Creation
Promoting itself against seven rivals for a New York City casino license, Bally’s describes its board as a diverse reflection of the city itself. The project promises significant financial and social returns, projecting a statewide economic impact of $1.9 billion. With $357 million anticipated in annual tax revenue and creation of 15,000 construction and 4,000 permanent jobs, the potential of Bally’s Bronx Casino stands out.
Bally’s emphasizes the site’s accessibility, located by major bridges connecting via highways 295 and 678, supplemented by a 20-minute ferry service from Manhattan. This placement projects a visitor count of nine million annually, with 8.2 million expected from outside the Bronx.
Bally’s Bronx Casino: A Vision for Transformation
This ambitious venture converts a former landfill into a vibrant economic hub, marking it as the Bronx’s largest private development. At a sprawling three million square feet, it features a 500,000-square-foot casino with 3,500 slot machines and 250 tables.
A 2,000-seat performance venue and 4,600 parking spaces complement the facility, alongside diverse dining and entertainment options. Community benefits include a Gold-level LEED design, $100 million in waterfront and parkland enhancements, new roadways, and NYPD substations.
Elisa Toapha, a parent of a local high school student, praised Bally’s investment in community and youth opportunities, emphasizing their commitment to the Bronx’s future. According to Bally’s, the architectural style respects the borough’s character while providing a global platform. The statement underscores that Bally’s Bronx Casino is about more than gaming; it’s a landmark destination for New Yorkers and a proud achievement for the Bronx.
