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Bally’s buys Bronx parkland for $156.6 million for casino project
Bally’s has acquired 16 acres of city-owned land in the Bronx for $156.6 million, a crucial step for its casino project in New York City. The company plans to construct a 500,000-square-foot gaming facility, a 500-room hotel, and an event center on the site, which was previously a golf course leased by the Trump Organization. This follows former Mayor Eric Adams’ veto of the City Council’s decision against the necessary zoning change.