{"id":321290,"date":"2024-05-30T17:37:55","date_gmt":"2024-05-30T22:37:55","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=321290"},"modified":"2024-05-31T09:15:15","modified_gmt":"2024-05-31T14:15:15","slug":"ballys-bronx-casino-bid-faces-parkland-quagmire","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/","title":{"rendered":"Bally\u2019s Bronx Casino Bid Faces Parkland Quagmire"},"content":{"rendered":"

In what could prove to be a sequel to a scenario that played out in Queens, an effort to position a Bronx golf course for a New York City casino license could be stymied by a lack of political support to change the course\u2019s parkland designation.<\/p>\n

\"Bally's
Bally’s Golf Links at Ferry Point in the Bronx, NY. Policymakers representing the area aren’t actively pursuing legislation to alter the parkland designation, which could hinder casino plans. (Image: Golf Digest<\/em>)<\/figcaption><\/figure>\n

Last year, Bally\u2019s acquired the lease rights to the golf course formerly known as Trump Golf Links<\/a> at Ferry Point in the Bronx with hopes of bringing a casino hotel to the site. Because the property in question is currently designated as parkland, that classification must be removed via legislation — something that appears increasingly unlikely to happen over the near term.<\/p>\n

Assemblyman Michael Benedetto (D-The Bronx) represents the district that includes Ferry Point and he said he\u2019s not proposing a bill to remove the parkland designation.<\/p>\n

I am certainly listening to the thoughts and concerns of my constituents before making a decision here to support or oppose this proposal,\u201d Benedetto said in a written statement to The City<\/em>. \u201cI have not introduced any legislation to alienate parkland.\u201d<\/p><\/blockquote>\n

Hoping to jumpstart the parkland alienation conversation, Assemblyman Gary Pretlow<\/a> (D-Mount Vernon) on Tuesday introduced a bill that calls for \u201cparkland in Ferry Point Park\u201d to be altered to use for a \u201cgaming facility.\u201d If that legislation is signed into law, Bally\u2019s would have 15 years to build a casino hotel on the Bronx land and, if that doesn\u2019t happen, the parkland classification would be restored.<\/p>\n

Bronx Casino Effort Could Go Way of Queens Bid<\/h2>\n

Parkland designation laws in New York represent high barriers to entry for gaming companies, and with that factor in mind, Bally\u2019s Bronx efforts could take on a similar look to what recently happened in Queens.<\/p>\n

\n

Earlier this week, State Sen. Jessica Ramos (D-Queens)<\/a> said she won\u2019t support parkland alienation legislation for Willets Point, essentially putting a plan by New York Mets owner Steve Cohen and Hard Rock International to bring a casino hotel to the borough on life support. Without legislative support to remove parkland classifications, developers and gaming companies would likely be prohibited from bidding for the three downstate casino licenses.<\/p>\n<\/div>\n

Should support for parkland alienation at Ferry Point be denied, Bally\u2019s has some options, but they aren\u2019t appealing. The regional casino operator could find a way to use land at Ferry Point that isn\u2019t subject to the parkland label or it could find another site.<\/p>\n

Given the weakness of Bally\u2019s balance sheet and its financial commitments in Chicago, which are far from being met, some investors have encouraged<\/a> the company to scrap its pursuit of a New York license to conserve cash.<\/p>\n

Time Not on Side of Bronx Casino Legislation<\/h2>\n

In addition to Benedetto not rushing to introduce a parkland alienation bill, State Sen. Nathalia Fernandez (D) said such legislation isn\u2019t on her radar, and that there are higher legislative priorities at the moment.<\/p>\n

Add to that, unless Gov. Kathy Hochul (D) calls a special session, New York policymakers have until June 6 to introduce new bills, meaning time isn\u2019t on the side of any effort to remove Ferry Point\u2019s parkland classification.<\/strong><\/p>\n

Assuming Bally\u2019s and Cohen\/Hard Rock depart from the downstate casino competition, that would pare the field to nine contenders, several of which aren\u2019t dealing with land use issues.<\/p>\n","protected":false},"excerpt":{"rendered":"

In what could prove to be a sequel to a scenario that played out in Queens, an effort to position a Bronx golf course for a New York City casino license could be stymied by a lack of political support to change the course\u2019s parkland designation. Last year, Bally\u2019s acquired the lease rights to the […]<\/p>\n","protected":false},"author":46,"featured_media":259395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,61,86438,13592],"tags":[81897,81901,86457,81895],"acf":[],"yoast_head":"\nBally\u2019s Bronx Casino Bid Faces Parkland Quagmire<\/title>\n<meta name=\"description\" content=\"Bally\u2019s Bronx Casino Bid Faces Parkland Quagmire.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bally\u2019s Bronx Casino Bid Faces Parkland Quagmire\" \/>\n<meta property=\"og:description\" content=\"Bally\u2019s Bronx Casino Bid Faces Parkland Quagmire.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-30T22:37:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-31T14:15:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Trump-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/\",\"url\":\"https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/\",\"name\":\"Bally\u2019s Bronx Casino Bid Faces Parkland Quagmire\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Trump-scaled.jpg\",\"datePublished\":\"2024-05-30T22:37:55+00:00\",\"dateModified\":\"2024-05-31T14:15:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Bally\u2019s Bronx Casino Bid Faces Parkland Quagmire.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Trump-scaled.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Trump-scaled.jpg\",\"width\":2560,\"height\":1440,\"caption\":\"Bally's Golf Links at Ferry Point in the Bronx, NY. Policymakers representing the area aren't actively pursuing legislation to alter the parkland designation, which could hinder casino plans. (Image: Golf Digest)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Bally\u2019s Bronx Casino Bid Faces Parkland Quagmire\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bally\u2019s Bronx Casino Bid Faces Parkland Quagmire","description":"Bally\u2019s Bronx Casino Bid Faces Parkland Quagmire.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/","og_locale":"en_US","og_type":"article","og_title":"Bally\u2019s Bronx Casino Bid Faces Parkland Quagmire","og_description":"Bally\u2019s Bronx Casino Bid Faces Parkland Quagmire.","og_url":"https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2024-05-30T22:37:55+00:00","article_modified_time":"2024-05-31T14:15:15+00:00","og_image":[{"width":2560,"height":1440,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Trump-scaled.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/","url":"https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/","name":"Bally\u2019s Bronx Casino Bid Faces Parkland Quagmire","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Trump-scaled.jpg","datePublished":"2024-05-30T22:37:55+00:00","dateModified":"2024-05-31T14:15:15+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Bally\u2019s Bronx Casino Bid Faces Parkland Quagmire.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Trump-scaled.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Trump-scaled.jpg","width":2560,"height":1440,"caption":"Bally's Golf Links at Ferry Point in the Bronx, NY. Policymakers representing the area aren't actively pursuing legislation to alter the parkland designation, which could hinder casino plans. (Image: Golf Digest)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/ballys-bronx-casino-bid-faces-parkland-quagmire\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"Bally\u2019s Bronx Casino Bid Faces Parkland Quagmire"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/321290"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=321290"}],"version-history":[{"count":4,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/321290\/revisions"}],"predecessor-version":[{"id":321317,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/321290\/revisions\/321317"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/259395"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=321290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=321290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=321290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}