![]() ![]() Last, the initial license payment made by the casino operator of $40 million, and the annual operator payment of $4 million for public safety and community investment, was the highest of all the bidders. Fourth, casino ownership will include the highest percentage of minority investors out of any of the applicants. Third, the casino will be built and operated with union jobs, high MBE/DBE targets and using City workers. Second, the Bally's development proposal was the most ambitious investment proposal of all the casino bidders, and Bally's Corporation agreed to assess the property at no less than $135 million, a boon for City property tax coffers. First, the casino will contribute $200 million in revenue for the City which will go directly to helping shore up the City's police and fire pension systems. New York: New York University Press, 2022. ![]() As a member of the City Council Special Committee on the Casino, Alderman Dowell was able to carefully consider this proposal, which eventually won her support for multiple reasons. Smart Suits, Tattered Boots, Korie Little Edwards and Michelle Oyakawa. Alderman Dowell supported the gaming ordinance and host community agreement with Bally's. ![]()
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