Bally’s buys site for Bronx casino from the city

by The Real Deal

Casino operator Bally’s is fully in control of its destiny when it comes to developing one of the trio of gaming facilities approved around New York City. The company purchased the parkland for its planned casino and entertainment complex in the Bronx from the city for $156.6 million, the Commercial Observer reported. Spokespeople for the company and the city did not immediately comment on the transaction. The parkland in question is at 450 Hutchinson Parkway in the Throggs Neck section of the borough. The 16-acre parcel is part of a wider 300-acre golf course, Golf Links at Ferry Point, which […] This article originally appeared on The Real Deal. Click here to read the full story.