Bill > A07514

This bill authorizes the City of New York to discontinue the use of certain parklands within Ferry Point Park in the Bronx and transfer them to Bally's New York Operating Company for the development of a gaming facility, with several key conditions. Specifically, the bill allows the city to sell approximately 15.73 acres of parkland to Bally's at fair market value, transfer about 9.61 acres to the Department of Transportation for roadway improvements, and provide an easement for an additional 1.42 acres. The transfer is contingent upon Bally's receiving a gaming facility license and the city dedicating an equal or greater amount of funds towards acquiring new parklands or improving existing recreational facilities in the Bronx. The bill includes provisions ensuring that if the gaming facility is not constructed within 15 years or the land is used for purposes other than specified, the parklands will revert back to the city's parks department. Additionally, the bill stipulates that any federal funding requirements for parkland conversion must be met, and that the bill does not supersede existing land use review procedures or gambling regulations. The transfer is designed to enable Bally's to develop a comprehensive facility that may include gaming, commercial, retail, entertainment, recreational, hotel, and community uses.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A7514