Bill > S07049

This bill authorizes the city of New York to discontinue the use of certain parklands within Ferry Point Park in the Bronx and transfer these lands to Bally's New York Operating Company, LLC for the purpose of developing a gaming facility and related commercial uses. Specifically, the bill allows the city to: (1) sell approximately 15.73 acres of parkland to Bally's at fair market value for constructing a gaming facility and associated amenities like a hotel, retail spaces, and parking; (2) transfer about 9.61 acres to the NYC Department of Transportation for roadway improvements; and (3) convey a 1.42-acre easement to Bally's for access road improvements. The bill stipulates that these transfers are contingent upon Bally's receiving a gaming facility license and the city dedicating an equivalent amount of funding towards acquiring new parklands or improving existing recreational facilities in the Bronx. Additionally, if Bally's does not commence construction within 15 years or uses the land for purposes other than those specified, the parklands will revert back to the city's parks department. The bill ensures that any federal requirements related to parkland conversion are met and does not override existing land use review procedures or gaming regulations.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S7049