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On Tuesday, the Council’s Land Use Committee voted unanimously in favor of the plan and left little doubt that it would pass a full vote on Wednesday. Adding to its guarantee of success was the support it received from the local councilmember, Francisco Moya. The Council often votes the way of the local councilmember, a practice known as councilmember deference. No matter what proposal is approved, legislators such as Addabbo want the decision to come quickly, noting that the longer the state takes to award the licenses the longer it will be before the state benefits from the revenue. Steve Cohen, the billionaire owner of the New York Mets, has floated the possibility of building a casino as part of an entertainment complex on the 50-acre asphalt parking lot next to Citi Field. Additionally, the terms and conditions also indicate how long it may take for bonuses to be distributed.
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In November, all five of the community boards charged with reviewing the plan voted in favor of Cohen’s casino. Still, The Coney project has had a difficult time winning over local residents. In January, local Community Board 13 recommended denial of the application, with residents skeptical that Thor Equities would come through with its promises of $200 million in community investment. On Wednesday, Bally’s Corporation announced a community benefits agreement for the project that pledges to provide more than $200 million in community investment. The gaming giant says the Bronx casino will also provide 15,000 construction jobs and more than 4,000 permanent jobs for local residents.
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It calls for a 1,200-room hotel, about 1,300 apartments, and an underground casino—all to go up just south of the United Nations headquarters. According to reports, SL Green has also pledged to use a portion of the casino’s revenues to fund safety and sanitation improvements in Times Square. Given the large amounts of currency handled within a casino, both patrons and staff may be tempted to cheat and steal, in collusion or independently; most casinos have security measures to prevent this.
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