The company vying to open a casino in The Bronx really wants neighbors to have a vested interest in the proposed gaming facility. Bally’s is offering residents the opportunity to buy shares in the casino that would be located adjacent to its golf course at Ferry Point, formerly operated by President Trump’s firm.
That’s right — stocks, not just chips.
Bally’s also is pledging that at least 1% of its gross revenues from the casino will go to community benefits programs in The Bronx — more than $10 million a year or $100 million over 10 years — if it is awarded a coveted license.
The company plans to fund schools and PTAs, NYCHA and community housing, mental health and substance abuse programs and give to BronxNet, the borough’s cable TV outlet.
