Trump Stands to Gain $115 Million from Bronx Casino Deal
The New York Times1 day ago
920

Trump Stands to Gain $115 Million from Bronx Casino Deal

BUSINESS
trump
casino
bronx
ballys
realestate
Share this content:

Summary:

  • Trump Organization could receive $115 million if a casino is built at the former Ferry Point golf course in the Bronx.

  • The deal raises questions about transparency and fairness in the casino licensing process.

  • This substantial payout will likely fuel further debate about the ethical implications of such deals.

  • Bally's plans to build a casino at the site are moving forward.

  • The situation involves high financial stakes and major implications for the Bronx.

Trump to Rake in Millions from Bronx Casino?

Despite selling the Ferry Point Park golf course in the Bronx to Bally's, the Trump Organization is poised to receive a substantial payout—a whopping $115 million—if the location is selected for a new casino. This revelation underscores the complex financial entanglements surrounding the proposed casino development in the Bronx.

The deal highlights the significant financial incentives at play in the race to secure a casino license in New York City. The potential windfall for the Trump Organization raises questions about the transparency and fairness of the process. The situation is sure to ignite further debate on the ethical implications of such lucrative side deals tied to major city developments.

<br>

This development follows the recent announcement of Bally's plans to build a casino on the site. This is a high-stakes game with major implications for the Bronx and beyond. Will the substantial potential payout to the Trump Organization affect the decision-making process? The public awaits further clarity on this significant development.

Comments

0

Join Our Community

Sign up to share your thoughts, engage with others, and become part of our growing community.

No comments yet

Be the first to share your thoughts and start the conversation!

Newsletter

Subscribe our newsletter to receive our daily digested news

Join our newsletter and get the latest updates delivered straight to your inbox.

NewYorkNews.app logo

NewYorkNews.app

Get NewYorkNews.app on your phone!