Bally’s Corporation has formally submitted its bid to build a $4 billion casino resort in the Bronx, marking what would be the largest private investment in the borough’s history.
The proposal, filed with the New York State Gaming Facility Location Board, outlines plans for a three-million-square-foot integrated resort on a remediated landfill site surrounded by a golf course and bracketed by major traffic arteries. Bally’s Bronx would include 500,000 square feet of gaming space, 3,500 slot machines, 250 table games, and a 2,000-seat event center, along with restaurants, retail, and 4,600 parking spaces.
Bally’s estimates the project would create 15,000 union construction jobs and nearly 4,000 permanent union positions, offering an average full-time salary of $96,200. The development is projected to generate $1.9 billion in annual economic impact and $357 million in tax revenue for local and state governments.
Bally’s chair hails ‘transformational’ commitment
Soo Kim, chair of Bally’s, said the project represents a transformational commitment to the community.
“Bally’s is prepared to make the largest private investment in the borough’s history, and with it a long-term commitment to community benefits for Bronx residents,” Kim said.
The company has pledged $625 million in community benefits, including $100 million for parks and waterfront upgrades, $75 million for transportation improvements, and $10 million for public safety initiatives such as new NYPD substations. It also plans to open facilities to local nonprofits for meetings and events at minimal cost.
The development is backed by $2.5 billion in committed financing and letters of confidence from U.S. investment banks. Bally’s says it is “ready to build immediately” and touts a leadership team reflective of New York City’s diversity.
“This isn’t a plan on paper,” said Kim. “This is a ready-to-go development with community at its core.”
Bally’s Bronx is one of several proposals vying for one of three downstate casino licenses. If approved, it could welcome over nine million annual visitors, 8.2 million of whom would come from outside the borough, driving significant revenue into local businesses.
