US EditionHome Run! Hard Rock Casino at Mets Stadium in New York City Advanced by Community Panel
The $8 billion Metropolitan Park casino proposal promises 23,000 jobs and $850 million in tax revenue by year three, advancing to final state licensing after unanimous community approval.
- On Tuesday, the Community Advisory Committee unanimously advanced the $8 billion Metropolitan Park proposal to the New York State Gaming Facility Location Board for final consideration, moving licensing decisions toward early December and formal approval by year-end.
- Sen. John Liu sponsored the park-alienation bill after Sen. Jessica Ramos refused to do so, and the New York State legislature approved it in May.
- Developers estimate the plan will create 23,000 jobs, including 6,700 permanent positions, and involve a $1.75 billion investment in infrastructure and parks, according to statements 4 and 36.
- If the state awards a December license, construction could begin next month with a four years estimate; Metropolitan Park now competes against Bally's, Resorts World New York City, and MGM Empire City in Yonkers.
- Cohen's group pledged 450 income-restricted units in Corona and Slate Property Group plans 2,500 affordable apartments; the team also committed $25 million for community health and $163 million to borough nonprofits.
13 Articles
13 Articles
Steve Cohen’s Citi Field Casino Plan Passes to Final Step
Metropolitan Park, the casino slated to be built on Citi Field’s parking lot and backed by Mets owner Steve Cohen, got a critical approval that will bring it to a final round with the state as it decides on new gambling licenses. The proposal was approved unanimously in a vote Tuesday. “While the Mets may not make the playoffs, I think we could consider this a home run for Queens,” said Donovan Richards Jr., Queens borough president, before vot…
Mets Owner Cohen Moves Closer to Winning $8 Billion Casino Bid
New York Mets owner Steve Cohen’s dreams of building an $8 billion casino complex next to Citi Field in Queens are coming closer to fruition after a community-advisory panel allowed the bid to be considered for a state-issued license.
$8B Citi Field casino proposal moves forward
Some good news for New York Mets owner Steve Cohen. The billionaire’s vision of a casino complex next to Citi Field is one step closer to becoming reality. On Tuesday, the Community Advisory Committee (CAC) overseeing the bid unanimously approved “Metropolitan Park,” advancing the proposal to the final stage: securing one of the state’s coveted downstate gaming licenses. Cohen’s bid joins three other CAC-approved proposals: Bally’s Bronx casino,…
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