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Casi-No: Times Square and Hudson Yards Boards Defeat Gaming Proposals
['Lauren Hartley', 'Rachel Holliday Smith', 'More Lauren Hartley', 'More Rachel Holliday Smith', 'Managing Editor', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar']
THE CITY – NYC News
In votes Wednesday morning, local advisory committees nixed a gambling complex proposed for Times Square and another near Hudson Yards.
The other, Caesars Palace Times Square, would have redeveloped an existing tower in the famed Manhattan hub to create a new gambling and entertainment facility backed by Jay-Z, his company Roc Nation, its parent Live Nation, Caesars Entertainment and SL Green Realty.
Each casino proposal is required by the state to include at least $500 million worth of investment in the communities where they plan to build.
The Times Square proposal estimated its total investment to be worth $5.4 billion, with 3,800 permanent jobs created and $250 million in support to the community, including safety improvements to Times Square and $15 million for a civil rights museum.
Opponents of the Times Square proposal cheered the decision.
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