NYC Casino Proposals for Times Square and Hudson Yards Rejected
Eyewitness News ABC7NYOctober 5, 20253 min4,049 views
16 connectionsΒ·17 entities in this videoβCasino Proposals Rejected
- π― A Jay-Z backed plan for a Caesar's Palace in Times Square and another bid for a casino at Hudson Yards have been rejected by a state-commissioned community advisory committee.
- π The decision followed months of protests, with the Broadway community largely opposing the Times Square casino, stating it would cannibalize what already exists.
Committee Vote and Developer Reactions
- π³οΈ Only two out of six members of the community advisory committee voted in favor of the Times Square proposal, which was also backed by Jay-Z's Rock Nation.
- π£οΈ Real estate executive Mark Holiday criticized the committee's decision, arguing that other parts of the city would have welcomed the economic driver and promised jobs.
- π° Developers had promised billions in tax revenue, thousands of jobs, and a boost to the Broadway economy.
Community Concerns
- ποΈ Residents like Dolores Rubin expressed concerns that a casino would detract from Broadway and potentially attract negative elements to the area.
- β οΈ There were worries about casinos preying on vulnerable individuals and elements that might crowd around such establishments.
Hudson Yards and Other Proposals
- ποΈ The proposal for a casino at the Avenue at Hudson Yards also failed to gain approval, leading to disappointment among developers who highlighted promised neighborhood investments.
- π’ Out of six remaining proposals for three available licenses, one is for Empire City in Yonkers, which has reiterated support from the mayor.
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Times Square CasinoHudson Yards CasinoCasino ProposalsCommunity Advisory CommitteeBroadway CommunityEconomic DevelopmentJob CreationTax RevenueReal Estate DevelopmentJay-ZRock NationMGM ResortsYonkers Casino
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