Billionaire Mets owner Steve Cohen’s Citi Field casino bid clears major Albany hurdle
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Through its nonprofit arm, Bally’s has tried to garner local support, funding a free bus shuttle service between the golf course and Hutchinson River Parkway. And with the help of Attorney General Tish James, Bally’s purchased Catholic all-girls Preston High School that was headed for closure for $8.5 million. Adams has vowed not to publicly criticize Trump, whose Department of Justice earlier this year dropped criminal charges against the mayor that had included wire fraud and bribery. Fowler, the mayoral spokesperson, said there was no connection between that private agreement and Adams’ support for the project moving forward. The mayor provided a message of support on Wednesday, that lowered the threshold for passage of the home rule resolution from 34 votes, or two-thirds of the Council, to a bare majority of 26 votes. Bally’s accepted deposits from 1,500 investors starting in December, but wound up refunding them in February because the SEC had yet to approve of the IPO, the Chicago Sun Times reported.
The full council’s approval went against local Bronx Councilwoman Kristy Marmorato, who called the project a “bad proposal” in a “disgraceful process” before voting against it. Such political disagreements have not been uncommon for the saga surrounding three pending downstate casino licences. Adams’ decision to submit a message in support of the project on Wednesday was not influenced “whatsoever” by Trump, the mayor’s office told City and State NY.
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