The mayor’s veto puts the $4-billion project to be built at Bally’s Golf Links at Ferry Point in the Bronx back in the running among six other applicants for up to three downstate gaming licenses.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) decreased to 6.83% from 6.84%.
The mayor’s veto puts the $4-billion project to be built at Bally’s Golf Links at Ferry Point in the Bronx back in the running among six other applicants for up to three downstate gaming licenses.
Cappelli estimated that with the NYPA project, the total Hamilton Green development cost will be approximately $900 million.
If the Town Hall renovation and expansion project moves forward, the town would interview bid respondents in September and October and possibly issue a formal Request for Proposals in November of this year.
Yun predicted that existing home sales would rise approximately 3% this year, but jump 14% higher in 2025.
Neuhaus, who is a graduate of Mount Saint Mary in Newburgh, noted the long-standing issues with the property, saying, “The obituary for this site was written decades ago. You are bringing this place back to life.”
The cost of acquiring the vacant 12.43-acre site is $3.9 million. According to its application with the IDA, building and construction is estimated to cost $17,864,850 and equipment costs have been put at $13,136,536.
Bally’s Bronx, as proposed to the New York State Gaming Commission late last month, was to stand approximately 250 feet tall and include a 500,000-square-foot Gaming Facility structure and span more than 3 million square feet.
Since opening in October 2006, Empire City Casino has generated more than $5 billion for New York State education.
In the case of Resorts World New York City and Empire City Casino, both involve multi-billion-dollar upgrades.
There are some exciting opportunities and we are seeing these projects come across our desks in a way that we have never seen before. So, we are getting the at-bats and we are taking a swing.
The House passed its version of the Big Beautiful bill on May 22 with a provision that would raise the SALT Cap to $40,000.
On June 12, the Zoning Board of Appeals rejected an application for a height variance on the project by a 4-0 vote.
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