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Spano said he believes MGM will want to build a hotel and add an entertainment venue that has synergy with its 28 resorts across the globe. Only half of the97-acre property is developed. "Its a world-class entertainment venue, and its right here in our city, which is in the heart of the metropolitan area," Spano said. "It could be really good for Yonkers because of the investment they can make because they have deep pockets." The Rooney family had long sought to build a hotel and parking garage but was unable to put together the financial package to make it gambling happen. MGM's purchase comes with myriad questions as the future of New York's gambling sector unfolds. For one, MGM has been aggressive in landing gambling partnerships with Major League Baseball, the National Hockey League and the National Basketball Association.

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