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Bally's Bronx Casino Rendering.
Bally has finalized a $156.6M land purchase in the Bronx, securing full control of the development site tied to its newly awarded New York downstate casino license. The acquisition clears a major regulatory and logistical step following the December license decision.
The deed filing confirms transfer of the 16-acre parcel at 450 Hutchinson Parkway from New York City to Bally.
Good to Know
The parcel forms part of Golf Links at Ferry Point, a 300-acre waterfront property designed by Jack Nicklaus. The golf course previously operated under a lease agreement involving Donald Trump before Bally bought out that 20-year lease from the Trump Organization in 2023 for an undisclosed amount.
Craig Eaton, president of Rhode Island operations and corporate secretary at Bally, signed the transaction for the company. Julia Kerson, deputy mayor for operations, signed on behalf of New York City.
Development plans call for a 500,000-square-foot casino floor within a broader 3M-square-foot entertainment complex. Bally intends to include a 500-room hotel and a 2,000-seat event center designed for concerts, conferences, and large-scale gatherings.
The zoning process created friction earlier in the year. The New York City Council voted against a required zoning change that would allow parkland conversion tied to the property. Former Mayor Eric Adams vetoed that decision in July, enabling the project to proceed.
Regulatory approval at the state level arrived in December when the New York State Gaming Commission selected three downstate casino operators. Bally secured one of those licenses.
The other approvals went to Resorts World New York City in southeast Queens and Metropolitan Park in northeast Queens. Metropolitan Park is backed by Steve Cohen and Hard Rock.
Land ownership now removes a major uncertainty for the Bronx casino development. With site control established, Bally can advance infrastructure planning, construction preparation, financing coordination, and community engagement tied to the Throggs Neck project.