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The Santee Development Corporation said not a dime of public money would be used. There are not any state or county incentives and it would all be privately funded. Boekenheide’s presentation before City Council members largely echoed what he showed planning and zoning commissioners Monday, but he took time at the end to respond to concerns raised and allegations made against the company. Irving council member Luis Canosa, who represents District 4, twice made a motion to include a ban on gaming in the zoning amendment but did not receive a second to trigger a vote of the entire council.
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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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Rolling the dice: Who will win three coveted New York City-area full casino licenses?
Without question, the three winning bids will have the potential to reshape the socioeconomic landscape of the New York City metro area. Currently, only video lottery terminal (VLT) wagering is available in this region at places like Resorts World New York City Casino at Aqueduct Racetrack and MGM Empire City at Yonkers Raceway — with the parlors helping to support the horse racing industry statewide. In order to make this happen, the group is working with legislators to get a bill passed to amend the South Carolina Code of Laws. It aims to establish the ‘South Carolina Gaming Commission’ to award casino licenses in certain counties. A handful of speakers supported the zoning change, but those who did highlighted the potential economic benefits of the Sands Corp. proposal.
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Boekenheide had said the project is projected to generate as many as 9,000 full-time and well-paying jobs. The investment, he added, could total as much as $4 billion, possibly netting millions in tax revenues for Irving. During the public comment session Monday, most speakers critiqued Sands Corp.’s plans, citing a range of concerns regarding public safety and gambling addiction.
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Irving City Council clears way for Las Vegas Sands resort without casino, nightclub
The ante to merely apply is $1 million, with successful bidders required to pay $500 million upfront for the license and at least $500 million as part of a development plan. Licenses will be good for a minimum of bongobongo bonus 10 years and a maximum of 30 years. The bidders include some of the state’s wealthiest interests, often in partnership with major gaming outlets across the country — stretching from Connecticut to Las Vegas.
The city owns the property, and Trump’s company had a 20-year contract with the Parks Department to operate it as a golf course. According to Soloviev, the overall project is being dubbed “Freedom Plaza,” and it would also include the construction of a museum dedicated to democracy. The project, first reported by the New York Times, would not require major development and could be up and running within a year.
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